Cogeco Communications (TSE:CCA) Given a C$68.00 Price Target by Desjardins Analysts

Cogeco Communications (TSE:CCA) received a C$68.00 target price from research analysts at Desjardins in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price would suggest a potential upside of 8.45% from the company’s previous close.

Several other analysts also recently commented on CCA. Scotiabank reduced their price target on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Canaccord Genuity Group lowered their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. TD upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$85.00 to C$83.00 in a research note on Monday, April 13th. Royal Bank Of Canada reduced their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. Finally, TD Securities upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$74.33.

Cogeco Communications Trading Down 2.6%

CCA opened at C$62.70 on Wednesday. The firm has a market cap of C$2.63 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 4.77 and a beta of 0.93. Cogeco Communications has a 52 week low of C$60.89 and a 52 week high of C$77.40. The business’s 50 day moving average is C$64.37 and its two-hundred day moving average is C$67.03. 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 posted its quarterly earnings data on Wednesday, July 15th. The company reported C$2.35 earnings per share for the quarter. The business had revenue of C$696.68 million during the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%. On average, research analysts predict that Cogeco Communications will post 8.4900498 EPS for the current 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.