Cogeco Communications Inc. (TSE:CCA) Receives Average Recommendation of “Hold” from Analysts

Cogeco Communications Inc. (TSE:CCA) has earned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$76.03.

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a report on Monday, January 12th. BMO Capital Markets dropped their price target on shares of Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. TD Securities upped their price objective on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Canadian Imperial Bank of Commerce raised their target price on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Finally, National Bank Financial lifted their price target on Cogeco Communications from C$66.00 to C$71.00 in a research note on Friday, January 16th.

Cogeco Communications Stock Up 0.7%

TSE:CCA opened at C$69.00 on Friday. Cogeco Communications has a 1-year low of C$60.75 and a 1-year high of C$74.39. The company has a 50-day moving average of C$67.60 and a 200 day moving average of C$65.77. The firm has a market cap of C$2.90 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 4.77 and a beta of 0.87. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last announced its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share for the quarter. The company had revenue of C$707.25 million during the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. As a group, research analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.