Cogeco Communications (TSE:CCA) Price Target Raised to C$77.00

Cogeco Communications (TSE:CCA) had its target price upped by Royal Bank Of Canada from C$76.00 to C$77.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$71.00 to C$80.00 in a research note on Wednesday, February 25th. Scotiabank raised their target price 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. Desjardins cut their target price on Cogeco Communications from C$72.00 to C$71.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. TD Securities downgraded Cogeco Communications from a “buy” rating to a “hold” rating and cut their target price for the stock from C$100.00 to C$85.00 in a research note on Thursday, March 26th. Finally, Canadian Imperial Bank of Commerce raised their target price on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$75.28.

Cogeco Communications Stock Down 7.9%

TSE CCA opened at C$61.40 on Thursday. The business has a fifty day moving average price of C$70.36 and a 200 day moving average price of C$67.81. Cogeco Communications has a one year low of C$60.89 and a one year high of C$77.40. The company has a debt-to-equity ratio of 141.57, a quick ratio of 0.49 and a current ratio of 0.47. The company has a market cap of C$2.58 billion, a P/E ratio of 8.25, a P/E/G ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Thursday, April 9th. The company reported C$1.96 EPS for the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%.The firm had revenue of C$693.56 million during the quarter. Research analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.