Cogeco Communications (TSE:CCA) Rating Increased to Buy at TD

TD upgraded shares of Cogeco Communications (TSE:CCA) from a hold rating to a buy rating in a research note released on Monday,BayStreet.CA reports. TD currently has C$83.00 target price on the stock, down from their previous target price of C$85.00.

CCA has been the topic of a number of other research reports. Canaccord Genuity Group dropped 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. National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Royal Bank Of Canada increased their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. TD Securities cut Cogeco Communications from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$100.00 to C$85.00 in a research report on Thursday, March 26th. Finally, Desjardins decreased their price objective on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating for the company in a research report on Monday. Three 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 has an average rating of “Hold” and an average price target of C$75.11.

Cogeco Communications Trading Up 0.7%

TSE:CCA opened at C$61.80 on Monday. The stock’s 50 day moving average price is C$70.27 and its 200 day moving average price is C$67.82. The company has a market capitalization of C$2.60 billion, a PE ratio of 8.31, a P/E/G 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 has a 52-week low of C$60.89 and a 52-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 (EPS) for the quarter. The firm had revenue of C$693.56 million for the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%. On average, research analysts anticipate that Cogeco Communications will post 8.4900498 EPS 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.