Royal Bank of Canada Boosts Cogeco Communications (TSE:CCA) Price Target to C$78.00

Cogeco Communications (TSE:CCA) had its target price lifted by investment analysts at Royal Bank of Canada from C$77.00 to C$78.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 26.81% from the stock’s previous close.

Several other equities analysts have also weighed in on CCA. Scotiabank cut their price target on Cogeco Communications from C$77.50 to C$75.50 in a research note on Wednesday, January 15th. CIBC cut their price objective on Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$76.06.

Cogeco Communications Stock Down 7.2 %

Cogeco Communications stock opened at C$61.51 on Wednesday. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52 week low of C$50.82 and a 52 week high of C$75.09. The business’s 50-day moving average price is C$66.12 and its 200 day moving average price is C$67.46. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.

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.