Desjardins Lowers Cogeco Communications (OTCMKTS:CGEAF) Price Target to C$111.00

Cogeco Communications (OTCMKTS:CGEAF – Get Rating) had its target price cut by Desjardins from C$113.00 to C$111.00 in a report issued on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Scotiabank reduced their target price on shares of Cogeco Communications to C$112.50 in a report on Friday. CIBC cut shares of Cogeco Communications from an outperform rating to a neutral rating in a report on Wednesday, June 29th. Canaccord Genuity Group reduced their target price on shares of Cogeco Communications from C$120.00 to C$96.00 in a report on Friday. BMO Capital Markets reduced their target price on shares of Cogeco Communications from C$130.00 to C$120.00 in a report on Friday. Finally, National Bank Financial cut shares of Cogeco Communications to a sector perform rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $118.21.

Cogeco Communications Price Performance

Shares of OTCMKTS:CGEAF opened at $63.50 on Monday. The company has a 50-day simple moving average of $73.65 and a 200-day simple moving average of $78.66. Cogeco Communications has a one year low of $63.50 and a one year high of $92.58.

Cogeco Communications Company Profile

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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.