Cogeco Communications (TSE:CCA) Given New C$74.00 Price Target at Canaccord Genuity Group

Cogeco Communications (TSE:CCA) had its price objective reduced by Canaccord Genuity Group from C$76.00 to C$74.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. Desjardins raised shares of Cogeco Communications to a “hold” rating in a report on Wednesday, January 28th. Scotiabank boosted their price objective 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. TD Securities lowered shares of Cogeco Communications from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$100.00 to C$85.00 in a report on Thursday, March 26th. Finally, National Bank Financial raised shares of Cogeco Communications from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$74.91.

Cogeco Communications Price Performance

TSE CCA opened at C$68.96 on Monday. The firm’s fifty day simple moving average is C$70.37 and its two-hundred day simple moving average is C$67.79. The company has a current ratio of 0.40, a quick ratio of 0.49 and a debt-to-equity ratio of 143.75. Cogeco Communications has a 12-month low of C$60.75 and a 12-month high of C$77.40. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 9.43, a P/E/G ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. The business had revenue of C$707.25 million during the quarter. Cogeco Communications had a net margin of 10.79% and a return on equity of 9.79%. Analysts forecast 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.