Cogeco Communications (TSE:CCA) PT Set at C$73.00 by Desjardins

Key Points

• Cogeco Communications has received a target price of C$73.00 from Desjardins, indicating a potential upside of 13.67% from its current stock price.
• Other analysts, including National Bank and Scotiabank, have recently downgraded their ratings and target prices for Cogeco Communications, with an average consensus target price of C$75.56.
• As of the latest trading session, Cogeco Communications' stock was priced at C$64.22, showing a slight increase and reflecting a market cap of C$2.70 billion.

Cogeco Communications (TSE:CCA - Get Free Report) received a C$73.00 target price from stock analysts at Desjardins in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Desjardins' price target points to a potential upside of 13.67% from the stock's current price.

A number of other equities analysts also recently commented on the company. National Bankshares downgraded Cogeco Communications from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$80.00 to C$69.00 in a report on Tuesday, August 12th. Scotiabank cut their target price on Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada cut their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. National Bank Financial cut Cogeco Communications from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets cut their target price on Cogeco Communications from C$80.00 to C$75.00 in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cogeco Communications presently has an average rating of "Hold" and a consensus target price of C$75.56.

Cogeco Communications Trading Up 0.9%

CCA stock traded up C$0.55 during midday trading on Thursday, hitting C$64.22. The company had a trading volume of 33,546 shares, compared to its average volume of 77,014. 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 has a 52 week low of C$59.10 and a 52 week high of C$75.09. The stock's 50 day moving average price is C$63.92 and its 200 day moving average price is C$66.44. The stock has a market cap of C$2.70 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 4.77 and a beta of 0.52.

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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