Cogeco Communications Inc (CCA) Lowered to “Sector Perform Market Weight” at National Bank Financial

Cogeco Communications Inc (TSE:CCA) was downgraded by analysts at National Bank Financial from an “outperform market weight” rating to a “sector perform market weight” rating in a research note issued to investors on Monday.

Several other research analysts have also issued reports on the company. Scotiabank increased their price objective on Cogeco Communications from C$75.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Monday. Desjardins increased their price objective on Cogeco Communications from C$71.00 to C$72.50 in a research note on Wednesday, December 21st. TD Securities increased their target price on Cogeco Communications from C$68.00 to C$70.00 and gave the stock a “hold” rating in a report on Friday, November 4th. Finally, Barclays PLC increased their target price on Cogeco Communications from C$65.00 to C$70.00 and gave the stock an “equal weight” rating in a report on Friday, November 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$71.28.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

Cogeco Communications (TSE:CCA) traded down 0.54% during mid-day trading on Monday, reaching $66.25. The company’s stock had a trading volume of 13,641 shares. Cogeco Communications has a 12 month low of $60.12 and a 12 month high of $71.67. The company’s market cap is $3.25 billion. The stock’s 50 day moving average is $65.15 and its 200 day moving average is $64.00.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

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