Cogeco Communications (TSE:CCA) Given New C$68.00 Price Target at Desjardins

Cogeco Communications (TSE:CCA) had its price objective trimmed by Desjardins from C$71.00 to C$68.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upped their price target on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. TD Securities lowered Cogeco Communications from a “buy” rating to a “hold” rating and decreased their price target for the company from C$100.00 to C$85.00 in a research note on Thursday, March 26th. Canaccord Genuity Group decreased their price target on Cogeco Communications from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Royal Bank Of Canada upped their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Finally, Scotiabank increased 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$75.11.

Cogeco Communications Stock Performance

Shares of Cogeco Communications stock opened at C$61.80 on Monday. Cogeco Communications has a 52 week low of C$60.89 and a 52 week high of C$77.40. The business’s fifty day simple moving average is C$70.27 and its 200-day simple moving average is C$67.82. The firm has a market cap of C$2.60 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 141.57.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results 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 business had revenue of C$693.56 million for the quarter. Equities analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current 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.