Cogeco Communications Inc. (TSE:CCA) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give Cogeco an average recommendation of Hold (four holds, two buys) with a one‑year consensus target of C$75.28.
• Recent analyst actions are mixed: National Bank upgraded CCA to Outperform and bumped its target to C$80, while TD Securities cut the stock from buy to Hold and trimmed its target to C$85.
• Fundamentals show a market cap of C$2.94 billion, a P/E of 9.57 and a high debt‑to‑equity ratio (143.75); last quarter EPS was C$2.11 on revenue of C$707.25 million.

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have been assigned an average recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$75.28.

CCA has been the topic of several research analyst reports. Desjardins raised shares of Cogeco Communications to a "hold" rating in a research note on Wednesday, January 28th. National Bank Financial raised shares of Cogeco Communications from a "hold" rating to an "outperform" rating and boosted their target price for the company from C$71.00 to C$80.00 in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce increased their price target on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Scotiabank raised their price target on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a "sector perform" rating in a research note on Monday, January 12th. Finally, TD Securities lowered Cogeco Communications from a "buy" rating to a "hold" rating and cut their target price for the company from C$100.00 to C$85.00 in a report on Thursday, March 26th.

Cogeco Communications Price Performance

CCA stock opened at C$69.97 on Monday. The company has a market capitalization of C$2.94 billion, a P/E ratio of 9.57, a PEG ratio of 4.77 and a beta of 0.89. 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 twelve month low of C$60.75 and a twelve month high of C$77.40. The firm has a 50 day simple moving average of C$70.43 and a 200-day simple moving average of C$67.77.

Cogeco Communications (TSE:CCA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. Cogeco Communications had a return on equity of 9.79% and a net margin of 10.79%.The firm had revenue of C$707.25 million for the quarter. On average, equities research analysts predict that Cogeco Communications will post 8.4900498 earnings per share 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.

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