BMO Capital Markets Has Lowered Expectations for Cogeco Communications (TSE:CCA) Stock Price

Cogeco Communications (TSE:CCA - Get Free Report) had its target price reduced by research analysts at BMO Capital Markets from C$80.00 to C$75.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 15.00% from the company's current price.

Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday. Desjardins lifted their target price on Cogeco Communications from C$72.00 to C$74.00 in a research note on Thursday, July 10th. National Bankshares set a C$85.00 target price on Cogeco Communications and gave the company an "outperform" rating in a research note on Friday, June 6th. Scotiabank lowered their target price on Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group lifted their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.44.

Cogeco Communications Stock Performance

CCA stock traded down C$0.38 during mid-day trading on Thursday, reaching C$65.22. The company had a trading volume of 51,172 shares, compared to its average volume of 82,943. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The stock has a market capitalization of C$2.74 billion, a P/E ratio of 7.89, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a one year low of C$59.10 and a one year high of C$75.09. The stock's 50-day simple moving average is C$69.00 and its two-hundred day simple moving average is C$66.77.

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.