Cogeco Communications (TSE:CCA) Rating Increased to Strong-Buy at TD Securities

Key Points

• TD Securities upgraded Cogeco Communications from "hold" to strong-buy and set a C$83 price target, the most bullish call among recent analyst notes.
• Analyst views are mixed—several firms raised targets and ratings while others trimmed targets or kept holds—leaving a MarketBeat consensus of Moderate Buy with an average price target of C$75.11.
• Cogeco shares opened at C$62.20 (12‑month range C$60.89–C$77.40), indicating potential upside to analyst targets, but the company has high leverage (debt‑to‑equity 141.57) and low liquidity (current ratio 0.47) despite a modest P/E of 8.36.

Cogeco Communications (TSE:CCA - Get Free Report) was upgraded by investment analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on CCA. Canadian Imperial Bank of Commerce raised their price target on Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. National Bank Financial raised Cogeco Communications from a "hold" rating to an "outperform" rating and increased their price objective for the stock from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Royal Bank Of Canada raised their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 9th. Canaccord Genuity Group reduced their target price on Cogeco Communications from C$74.00 to C$70.00 and set a "buy" rating for the company in a report on Monday. Finally, Desjardins decreased their price target on Cogeco Communications from C$71.00 to C$68.00 and set a "hold" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$75.11.

Cogeco Communications Price Performance

Shares of TSE:CCA opened at C$62.20 on Monday. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 4.77 and a beta of 0.89. The stock's 50 day moving average is C$70.27 and its 200-day moving average is C$67.82. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 141.57. Cogeco Communications has a twelve month low of C$60.89 and a twelve month high of C$77.40.

Cogeco Communications (TSE:CCA - Get Free Report) last released its earnings results on Thursday, April 9th. The company reported C$1.96 earnings per share for the quarter. The firm had revenue of C$693.56 million during the quarter. Cogeco Communications had a net margin of 11.13% and a return on equity of 9.93%. Sell-side analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Trending Headlines about Cogeco Communications

Here are the key news stories impacting Cogeco Communications this week:

• Positive Sentiment: TD upgraded CCA from "hold" to "strong‑buy" / "buy" and is carrying a high C$83 price target (down slightly from C$85 in an earlier note). That upgrade is the strongest bullish signal in this batch and likely supporting buying interest because it implies meaningful upside vs. the current price. TD upgrade BayStreet note
• Neutral Sentiment: Canaccord cut its price target from C$74.00 to C$70.00 but kept a "buy" rating — a modest trimming of upside that still signals conviction in the name but reduces near‑term enthusiasm. Investors will note the downgrade of the target but that the "buy" stance remains. Canaccord note
• Negative Sentiment: Desjardins lowered its price target to C$68.00 and assigned a "hold" rating — a clear downward revision that reduces analyst‑driven upside and can weigh on sentiment. This target implies only modest upside from the current price. Desjardins note
• Negative Sentiment: Scotiabank trimmed its target to C$72.00 and moved to "sector perform" — another downgrade of expectations that reduces the analyst consensus for upside and adds selling pressure versus the TD upgrade. Scotiabank note Tickerreport

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.