Brokerages Set Cogeco Communications Inc. (TSE:CCA) PT at C$71.61

Cogeco Communications Inc. (TSE:CCA) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$71.61.

A number of research firms have weighed in on CCA. BMO Capital Markets boosted their target price on shares of Cogeco Communications from C$65.00 to C$70.00 in a research report on Thursday, September 5th. Desjardins boosted their price target on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a report on Monday, July 15th. Bank of America upgraded Cogeco Communications from an “underperform” rating to a “buy” rating and upped their price objective for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, National Bankshares raised Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$64.00 to C$80.00 in a report on Friday, September 20th.

Cogeco Communications Stock Down 1.3 %

CCA opened at C$69.25 on Monday. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49. The company has a market capitalization of C$2.08 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The business has a 50-day moving average of C$67.84 and a 200-day moving average of C$60.38. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.40.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.