Cogeco Communications (TSE:CCA - Get Free Report) had its price objective decreased 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 suggest a potential upside of 12.65% from the company's current price.
Several other analysts have also commented on the stock. National Bankshares set a C$85.00 price target on shares of Cogeco Communications and gave the company an "outperform" rating in a research report on Friday, June 6th. Desjardins increased their price objective on shares of Cogeco Communications from C$72.00 to C$74.00 in a research report on Thursday, July 10th. Royal Bank Of Canada decreased their price objective on shares of Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, Scotiabank decreased their price objective on shares of Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$76.20.
Check Out Our Latest Stock Report on Cogeco Communications
Cogeco Communications Stock Up 2.6%
Shares of CCA stock traded up C$1.70 during mid-day trading on Thursday, hitting C$66.58. 169,507 shares of the stock traded hands, compared to its average volume of 82,615. The stock has a market cap of C$2.80 billion, a P/E ratio of 8.06, a P/E/G ratio of 4.77 and a beta of 0.59. The stock's fifty day moving average is C$69.11 and its two-hundred day moving average is C$66.80. Cogeco Communications has a 52-week low of C$59.10 and a 52-week high of C$75.09. 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 Company Profile
(
Get Free Report)
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.
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