Brokers Offer Predictions for Cogeco Communications Inc.’s FY2022 Earnings (TSE:CCA)

Cogeco Communications Inc. (TSE:CCA – Get Rating) – Research analysts at Desjardins raised their FY2022 earnings per share (EPS) estimates for shares of Cogeco Communications in a report issued on Monday, April 18th. Desjardins analyst J. Dubreuil now expects that the company will earn $9.16 per share for the year, up from their previous forecast of $8.65. Desjardins also issued estimates for Cogeco Communications’ FY2023 earnings at $9.93 EPS.

Several other analysts have also issued reports on the stock. Royal Bank of Canada upped their price target on shares of Cogeco Communications from C$126.00 to C$127.00 in a research report on Monday, April 11th. Canaccord Genuity Group dropped their price objective on shares of Cogeco Communications from C$130.00 to C$120.00 in a research report on Wednesday, January 19th. Scotiabank increased their price objective on shares of Cogeco Communications from C$137.00 to C$141.00 in a research report on Tuesday, April 12th. TD Securities increased their price objective on shares of Cogeco Communications from C$130.00 to C$135.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets increased their price objective on shares of Cogeco Communications from C$125.00 to C$130.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cogeco Communications presently has an average rating of “Buy” and an average price target of C$132.33.

Shares of CCA stock opened at C$113.36 on Wednesday. The company’s fifty day simple moving average is C$104.43 and its 200-day simple moving average is C$103.44. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 162.67. The firm has a market cap of C$5.25 billion and a PE ratio of 13.42. Cogeco Communications has a 12 month low of C$95.50 and a 12 month high of C$123.07.

Cogeco Communications Company Profile (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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