Cogeco Communications (TSE:CCA) Price Target Raised to C$77.50 at Scotiabank

Cogeco Communications (TSE:CCA) had its price objective raised by Scotiabank from C$73.50 to C$77.50 in a report published on Monday morning, BayStreet.CA reports.

CCA has been the subject of several other reports. TD Securities raised their price objective on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. Royal Bank of Canada lifted their price target on Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th. Desjardins increased their price objective on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, 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. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cogeco Communications presently has a consensus rating of “Moderate Buy” and an average price target of C$75.50.

Cogeco Communications Price Performance

Shares of CCA opened at C$69.94 on Monday. The company’s 50-day moving average is C$68.03 and its 200-day moving average is C$60.55. 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 firm has a market capitalization of C$2.10 billion, a PE ratio of 8.92, a PEG ratio of 4.77 and a beta of 0.59. 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.