Cogeco Communications (TSE:CCA) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Cogeco Communications Inc. (TSE:CCA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$66.08 and traded as high as C$69.12. Cogeco Communications shares last traded at C$68.97, with a volume of 150,071 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCA. Scotiabank increased 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 research note on Monday, January 12th. BMO Capital Markets reduced their price objective on shares of Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Canadian Imperial Bank of Commerce boosted their target price on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Desjardins raised Cogeco Communications to a “hold” rating in a research note on Wednesday, January 28th. Finally, National Bank Financial raised their price target on Cogeco Communications from C$66.00 to C$71.00 in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Cogeco Communications has a consensus rating of “Hold” and a consensus target price of C$76.03.

Cogeco Communications Trading Up 0.5%

The stock has a 50-day simple moving average of C$67.95 and a two-hundred day simple moving average of C$66.08. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 4.77 and a beta of 0.87. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. The firm had revenue of C$707.25 million for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. On average, equities research analysts anticipate that Cogeco Communications Inc. will post 8.4900498 earnings per share for the current 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.