Cogeco Communications (TSE:CCA) Hits New 1-Year Low – Should You Sell?

Shares of Cogeco Communications Inc. (TSE:CCA) reached a new 52-week low during trading on Saturday . The company traded as low as C$60.89 and last traded at C$61.40, with a volume of 963174 shares. The stock had previously closed at C$66.70.

Analysts Set New Price Targets

CCA has been the topic of a number of research analyst reports. National Bank Financial raised shares of Cogeco Communications from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. Royal Bank Of Canada boosted their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank boosted their price objective on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a report on Monday, January 12th. Finally, Canaccord Genuity Group decreased their price objective on shares of Cogeco Communications from C$76.00 to C$74.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$75.28.

Cogeco Communications Stock Performance

The company has a market cap of C$2.58 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.77 and a beta of 0.89. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The business’s 50-day simple moving average is C$70.36 and its 200-day simple moving average is C$67.84.

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

About Cogeco Communications

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.