Cogeco Communications (TSE:CCA) Given a C$85.00 Price Target at National Bankshares

Cogeco Communications (TSE:CCA - Get Free Report) has been given a C$85.00 price objective by investment analysts at National Bankshares in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 25.09% from the company's current price.

Other equities analysts have also issued research reports about the company. Scotiabank set a C$75.00 price objective on Cogeco Communications and gave the stock a "sector perform" rating in a research note on Thursday, April 17th. Canaccord Genuity Group boosted their price target 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, Royal Bank of Canada upped their price objective on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$76.60.

Cogeco Communications Price Performance

CCA traded down C$0.69 on Friday, hitting C$67.95. 9,054 shares of the company's stock were exchanged, compared to its average volume of 88,830. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09. The stock has a market cap of C$2.86 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 4.77 and a beta of 0.59. The firm has a 50-day moving average price of C$67.01 and a 200-day moving average price of C$66.66. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35.

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.

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