Cogeco Communications Inc. (TSE:CCA) had its target price increased by research analysts at Barclays PLC from C$80.00 to C$90.00 in a report issued on Monday, November 6th. Barclays PLC’s target price suggests a potential downside of 1.95% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Canaccord Genuity cut Cogeco Communications from a “buy” rating to a “hold” rating and increased their price target for the stock from C$89.00 to C$93.00 in a research report on Monday, November 6th. Desjardins lowered Cogeco Communications from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$79.00 to C$87.50 in a report on Tuesday, July 11th. BMO Capital Markets reissued a “market perform” rating and issued a C$82.00 price objective on shares of Cogeco Communications in a report on Tuesday, July 11th. Macquarie lowered Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price objective for the company. in a report on Wednesday, September 20th. Finally, Scotiabank reissued an “outperform” rating and issued a C$102.00 price objective on shares of Cogeco Communications in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$91.17.
Shares of Cogeco Communications (CCA) traded down C$0.34 during midday trading on Monday, reaching C$91.79. The company’s stock had a trading volume of 41,900 shares, compared to its average volume of 69,998. Cogeco Communications has a 12-month low of C$63.64 and a 12-month high of C$95.21.
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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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