TD Securities Lowers Cogeco Communications (TSE:CCA) Price Target to C$95.00

Cogeco Communications (TSE:CCA) had its target price dropped by equities research analysts at TD Securities from C$98.00 to C$95.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 48.76% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Royal Bank Of Canada decreased their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. Desjardins set a C$73.00 price target on Cogeco Communications and gave the stock a “hold” rating in a report on Thursday, October 9th. CIBC lowered their price objective on shares of Cogeco Communications from C$71.00 to C$68.00 in a research note on Friday, October 17th. BMO Capital Markets dropped their target price on shares of Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday. Finally, Scotiabank reduced their price target on shares of Cogeco Communications from C$75.50 to C$74.00 in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$75.22.

Cogeco Communications Stock Performance

Shares of Cogeco Communications stock opened at C$63.86 on Friday. The business has a 50-day moving average price of C$64.85 and a two-hundred day moving average price of C$66.26. Cogeco Communications has a 1-year low of C$59.10 and a 1-year high of C$75.09. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The company has a market cap of C$2.69 billion, a P/E ratio of 8.40, a PEG 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.