Cogeco Communications (TSE:CCA) Price Target Cut to C$74.00 by Analysts at Royal Bank Of Canada

Cogeco Communications (TSE:CCA - Get Free Report) had its target price cut by analysts at Royal Bank Of Canada from C$75.00 to C$74.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada's price target suggests a potential upside of 11.14% from the stock's previous close.

A number of other brokerages have also recently weighed in on CCA. National Bankshares set a C$85.00 price objective on shares of Cogeco Communications and gave the stock an "outperform" rating in a research note on Friday, June 6th. Canaccord Genuity Group raised their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Desjardins raised their target price on shares of Cogeco Communications from C$72.00 to C$74.00 in a research report on Thursday, July 10th. Finally, Scotiabank set a C$75.00 target price on shares of Cogeco Communications and gave the stock a "sector perform" rating in a research report on Thursday, April 17th. Two research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$76.20.

Cogeco Communications Price Performance

Shares of CCA traded up C$1.70 during mid-day trading on Thursday, reaching C$66.58. 169,507 shares of the company's stock were exchanged, compared to its average volume of 82,615. 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 company has a 50-day simple moving average of C$69.11 and a two-hundred day simple moving average of 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 market cap of C$2.80 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 4.77 and a beta of 0.59.

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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