Cogeco Communications (TSE:CCA) Price Target Cut to C$70.00 by Analysts at Canaccord Genuity Group

Cogeco Communications (TSE:CCA) had its price target decreased by Canaccord Genuity Group from C$74.00 to C$70.00 in a research note released on Monday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on CCA. Scotiabank lifted their price objective on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday, January 12th. Royal Bank Of Canada lifted their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. TD Securities downgraded Cogeco Communications from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$100.00 to C$85.00 in a research report on Thursday, March 26th. Finally, TD raised Cogeco Communications from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$85.00 to C$83.00 in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$75.11.

Cogeco Communications Stock Performance

Cogeco Communications stock opened at C$61.80 on Monday. 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 stock has a fifty day moving average of C$70.27 and a two-hundred day moving average of C$67.82. The company has a market capitalization of C$2.60 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 4.77 and a beta of 0.89. Cogeco Communications has a fifty-two week low of C$60.89 and a fifty-two week high of C$77.40.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 earnings per share for the quarter. The company had revenue of C$693.56 million during the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%. On average, 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.