Cogeco Communications (TSE:CCA - Get Free Report) had its price objective decreased by equities researchers 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 would suggest a potential upside of 13.46% from the company's current price.
CCA has been the subject of a number of other research reports. National Bankshares set a C$85.00 price target on Cogeco Communications and gave the stock an "outperform" rating in a research report on Friday, June 6th. Desjardins upped their price target on Cogeco Communications from C$72.00 to C$74.00 in a report on Thursday, July 10th. 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. Finally, Canaccord Genuity Group upped their price target on 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. Two investment analysts have rated the stock with a hold rating, three have given 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 a consensus target price of C$77.44.
Get Our Latest Analysis on Cogeco Communications
Cogeco Communications Stock Down 0.6%
Shares of TSE:CCA traded down C$0.38 on Thursday, reaching C$65.22. The company had a trading volume of 51,172 shares, compared to its average volume of 82,943. Cogeco Communications has a 52-week low of C$59.10 and a 52-week high of C$75.09. The firm's 50 day simple moving average is C$69.00 and its 200-day simple moving average is C$66.77. The firm has a market capitalization of C$2.74 billion, a PE ratio of 7.89, a PEG ratio of 4.77 and a beta of 0.59. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35.
About Cogeco Communications
(
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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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