Cogeco Communications (TSE:CCA) Given New C$72.00 Price Target at Scotiabank

Cogeco Communications (TSE:CCA) had its target price trimmed by Scotiabank from C$74.25 to C$72.00 in a research note published on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also recently issued reports on the company. Canadian Imperial Bank of Commerce upped their price objective on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Royal Bank Of Canada upped their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Desjardins dropped their price target on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating on the stock in a research report on Monday. TD upgraded Cogeco Communications from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$85.00 to C$83.00 in a research report on Monday. Finally, National Bank Financial upgraded Cogeco Communications from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$75.11.

Cogeco Communications Trading Up 0.7%

Shares of TSE CCA opened at C$61.80 on Monday. The stock’s 50 day moving average price is C$70.27 and its two-hundred day moving average price is C$67.82. Cogeco Communications has a 52-week low of C$60.89 and a 52-week high of C$77.40. The stock has a market capitalization of C$2.60 billion, a P/E ratio of 8.31, a PEG 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 data on Thursday, April 9th. The company reported C$1.96 earnings per share (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 for the quarter. On average, analysts anticipate that Cogeco Communications 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.