Cogeco Communications (TSE:CCA – Free Report) had its target price cut by TD Securities from C$93.00 to C$90.00 in a research report released on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research firms have also commented on CCA. Canaccord Genuity Group lowered their target price on shares of Cogeco Communications from C$63.00 to C$60.00 and set a hold rating for the company in a report on Monday. Scotiabank lowered their target price on shares of Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating for the company in a report on Monday. BMO Capital Markets lifted their target price on shares of Cogeco Communications from C$64.00 to C$65.00 and gave the stock a market perform rating in a report on Friday, January 12th. CIBC lowered their target price on shares of Cogeco Communications from C$65.00 to C$63.00 and set a neutral rating for the company in a report on Monday, December 18th. Finally, Desjardins lowered their target price on shares of Cogeco Communications from C$68.00 to C$64.00 and set a hold rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cogeco Communications currently has a consensus rating of Hold and a consensus price target of C$69.31.
Check Out Our Latest Report on CCA
Cogeco Communications Stock Performance
Cogeco Communications (TSE:CCA – Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share for the quarter, topping the consensus estimate of C$1.88 by C$0.33. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The firm had revenue of C$730.50 million during the quarter, compared to analysts’ expectations of C$735.00 million. Analysts forecast that Cogeco Communications will post 8.4785185 EPS for the current 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.
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