Cogeco Communications (TSE:CCA) Rating Increased to Outperform at National Bank Financial

National Bank Financial upgraded shares of Cogeco Communications (TSE:CCA) from a sector perform rating to an outperform rating in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has C$80.00 price objective on the stock, up from their prior price objective of C$71.00.

Several other brokerages have also issued reports on CCA. TD Securities increased their target price on Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Scotiabank upped their price target on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research note on Monday, January 12th. BMO Capital Markets lowered their price objective on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Desjardins upgraded shares of Cogeco Communications to a “hold” rating in a report on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$77.16.

Cogeco Communications Trading Up 5.3%

Shares of CCA opened at C$73.57 on Wednesday. Cogeco Communications has a 1-year low of C$60.75 and a 1-year high of C$74.39. 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 firm’s 50-day moving average price is C$68.17 and its 200-day moving average price is C$66.19. The firm has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 4.77 and a beta of 0.87.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. The company had revenue of C$707.25 million during the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. Sell-side analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current year.

About Cogeco Communications

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. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.