Cogeco Communications Inc. (OTCMKTS:CGEAF) Given Average Rating of “Hold” by Brokerages

Shares of Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Rating) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $132.00.

CGEAF has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of Cogeco Communications from C$137.00 to C$141.00 in a report on Tuesday, April 12th. TD Securities downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, BMO Capital Markets lifted their price target on shares of Cogeco Communications from C$125.00 to C$130.00 in a report on Monday, April 18th.

OTCMKTS:CGEAF opened at $74.75 on Friday. The company has a 50-day moving average of $81.84 and a 200-day moving average of $81.11. Cogeco Communications has a 52 week low of $74.75 and a 52 week high of $98.61.

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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