Cogeco Communications (TSE:CCA) Given a C$73.00 Price Target by Desjardins Analysts

Cogeco Communications (TSE:CCA) has been given a C$73.00 price target by investment analysts at Desjardins in a report released on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 13.62% from the stock’s previous close.

CCA has been the topic of a number of other research reports. National Bankshares lowered shares of Cogeco Communications from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$80.00 to C$69.00 in a report on Tuesday, August 12th. BMO Capital Markets decreased their price objective on shares of Cogeco Communications from C$80.00 to C$75.00 in a report on Thursday, July 17th. Scotiabank decreased their price objective on shares of Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating on the stock in a report on Thursday, July 17th. National Bank Financial downgraded shares of Cogeco Communications from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada cut their target price on shares of Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$75.56.

Cogeco Communications Stock Up 0.1%

Shares of TSE:CCA opened at C$64.25 on Thursday. Cogeco Communications has a 12 month low of C$59.10 and a 12 month high of C$75.09. The company’s 50-day moving average price is C$63.99 and its two-hundred day moving average price is C$66.40. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The firm has a market cap of C$2.71 billion, a P/E ratio of 8.32, a P/E/G ratio of 4.77 and a beta of 0.52.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.