Cogeco Communications (TSE:CCA) Rating Lowered to Hold at National Bank Financial

Cogeco Communications (TSE:CCA) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “hold” rating in a report released on Friday, Marketbeat.com reports. They presently have a C$70.00 price target on the stock, down from their previous price target of C$75.00. National Bank Financial’s target price would suggest a potential upside of 10.57% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Scotiabank cut 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 note on Monday, April 13th. TD upgraded shares of 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, April 13th. Royal Bank Of Canada dropped their price objective 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. TD Securities upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Canaccord Genuity Group reduced their target price on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.22.

Cogeco Communications Stock Up 1.0%

Shares of TSE CCA opened at C$63.31 on Friday. Cogeco Communications has a 12 month low of C$60.89 and a 12 month high of C$77.40. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of -2.40, a PEG ratio of 4.77 and a beta of 0.93. The business has a 50-day moving average of C$64.36 and a 200-day moving average of C$67.00.

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 company had revenue of C$696.68 million for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Sell-side analysts expect that Cogeco Communications will post 8.4900498 earnings per share 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.