Cogeco Communications (TSE:CCA – Get Rating) had its price target upped by analysts at BMO Capital Markets from C$125.00 to C$130.00 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 14.43% from the stock’s previous close.
CCA has been the topic of a number of other reports. Scotiabank upped their price target on shares of Cogeco Communications from C$137.00 to C$141.00 in a report on Tuesday, April 12th. Canaccord Genuity Group reduced their target price on shares of Cogeco Communications from C$130.00 to C$120.00 in a research report on Wednesday, January 19th. TD Securities increased their price objective on Cogeco Communications from C$130.00 to C$135.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their target price on Cogeco Communications from C$126.00 to C$127.00 in a research report on Monday, April 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Cogeco Communications currently has a consensus rating of “Buy” and a consensus target price of C$132.33.
Shares of TSE:CCA traded up C$2.82 during midday trading on Monday, reaching C$113.61. 43,558 shares of the company were exchanged, compared to its average volume of 81,341. The stock has a market cap of C$5.26 billion and a PE ratio of 13.45. The business’s fifty day moving average is C$104.09 and its two-hundred day moving average is C$103.45. Cogeco Communications has a one year low of C$95.50 and a one year high of C$123.07. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 162.67.
About Cogeco Communications (Get Rating)
Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.
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