Cogeco Communications (TSE:CCA) Raised to Strong-Buy at TD Securities

Cogeco Communications (TSE:CCA) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

A number of other equities analysts have also commented on CCA. Canaccord Genuity Group cut their price target on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating for the company in a report on Monday. Canadian Imperial Bank of Commerce raised their price target on Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Desjardins cut their price target on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating for the company in a report on Monday. Finally, Royal Bank Of Canada raised their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.11.

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$62.30 on Monday. Cogeco Communications has a one year low of C$60.89 and a one year high of C$77.40. The business has a fifty day moving average price of C$70.18 and a 200-day moving average price of C$67.80. 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 firm has a market capitalization of C$2.62 billion, a P/E ratio of 8.37, a PEG ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA) last posted 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 firm had revenue of C$693.56 million during the quarter. As a group, equities research analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current year.

Key Cogeco Communications News

Here are the key news stories impacting Cogeco Communications this week:

• Positive Sentiment: TD Securities upgraded CCA from “hold” to “strong-buy”, a clear bullish signal from a major desk that can attract buyers. Zacks.com TickerReport
• Positive Sentiment: TD upgraded CCA from “hold” to “buy” and set a C$83 price target (down slightly from C$85), signalling strong conviction in upside and likely supporting buying interest. BayStreet.CA
• Neutral Sentiment: Canaccord Genuity trimmed its price target from C$74 to C$70 but kept a “buy” rating, a mixed signal—still constructive but less aggressive on valuation. BayStreet.CA
• Neutral Sentiment: Scotiabank lowered its target from C$74.25 to C$72 and rates the stock “sector perform” — a moderate trim that tempers upside expectations but isn’t a full downgrade to sell. BayStreet.CA TickerReport
• Negative Sentiment: Desjardins lowered its price target from C$71 to C$68 and holds a “hold” rating, a downward revision that could cap near-term gains and weigh on investor sentiment. BayStreet.CA

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.