Cogeco Communications Inc. (TSE:CCA) Given Consensus Rating of “Moderate Buy” by Brokerages

Cogeco Communications Inc. (TSE:CCA) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$77.16.

A number of analysts have issued reports on CCA shares. Canadian Imperial Bank of Commerce lifted their price target on Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. TD Securities upped their target price on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Friday, January 16th. 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 report on Monday, January 12th. Desjardins raised shares of Cogeco Communications to a “hold” rating in a research report on Wednesday, January 28th. Finally, National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$71.00 to C$80.00 in a research report on Wednesday, February 25th.

Cogeco Communications Stock Down 0.8%

CCA stock opened at C$71.53 on Thursday. The company’s 50 day moving average price is C$69.41 and its 200 day moving average price is C$66.85. The firm has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 4.77 and a beta of 1.01. Cogeco Communications has a fifty-two week low of C$60.75 and a fifty-two week high of C$74.40. The company has a debt-to-equity ratio of 143.75, a quick ratio of 0.49 and a current ratio of 0.40.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. Cogeco Communications had a net margin of 10.79% and a return on equity of 9.79%. The company had revenue of C$707.25 million during the quarter. On average, equities research analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

About Cogeco Communications

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.