Cogeco Communications (TSE:CCA) PT Lowered to C$73.50

Cogeco Communications (TSE:CCA) had its price objective cut by Scotiabank from C$77.00 to C$73.50 in a research note published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

CCA has been the subject of several other reports. Desjardins dropped their price target on Cogeco Communications from C$68.00 to C$64.00 and set a hold rating for the company in a research report on Monday. BMO Capital Markets boosted their price target on Cogeco Communications from C$64.00 to C$65.00 and gave the stock a market perform rating in a research report on Friday, January 12th. Canaccord Genuity Group dropped their price target on Cogeco Communications from C$63.00 to C$60.00 and set a hold rating for the company in a research report on Monday. Royal Bank of Canada lowered their price objective on Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating on the stock in a research note on Wednesday, April 10th. Finally, CIBC lowered their price objective on Cogeco Communications from C$65.00 to C$63.00 and set a neutral rating on the stock in a research note on Monday, December 18th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$69.31.

Cogeco Communications Stock Up 0.4 %

Cogeco Communications stock opened at C$56.08 on Monday. The stock has a market capitalization of C$1.69 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 4.77 and a beta of 0.47. Cogeco Communications has a 12 month low of C$50.78 and a 12 month high of C$72.56. The business has a 50 day simple moving average of C$59.80 and a 200-day simple moving average of C$58.49. The company has a debt-to-equity ratio of 136.39, a current ratio of 0.59 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, topping the consensus estimate of C$1.88 by C$0.33. Cogeco Communications had a return on equity of 11.58% and a net margin of 12.47%. The firm had revenue of C$730.50 million during the quarter, compared to analysts’ expectations of C$735.00 million. On average, analysts anticipate that Cogeco Communications will post 8.4785185 EPS for the current fiscal year.

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.