Cogeco Communications (TSE:CCA) Reaches New 52-Week Low - What's Next?

Key Points

• Cogeco Communications' shares hit a new 52-week low of C$60.89 (last C$61.40) on Saturday with about 963,174 shares traded, versus a prior close of C$66.70.
• Analysts maintain a consensus "Hold" rating with an average target of C$75.28, reflecting mixed revisions—TD cut to Hold and trimmed its target to C$85 while National Bank upgraded to Outperform and raised its target to C$80.
• Fundamentals show a low valuation but high leverage: market cap C$2.58B, P/E 8.40, debt-to-equity 143.75, and the company reported quarterly EPS of C$1.96 on revenue of C$693.56M.

Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s share price reached a new 52-week low on Saturday . The company traded as low as C$60.89 and last traded at C$61.40, with a volume of 963174 shares trading hands. The stock had previously closed at C$66.70.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCA. Royal Bank Of Canada raised their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "sector perform" rating in a research note on Thursday. TD Securities cut Cogeco Communications from a "buy" rating to a "hold" rating and cut their price target for the company from C$100.00 to C$85.00 in a research note on Thursday, March 26th. National Bank Financial upgraded Cogeco Communications from a "hold" rating to an "outperform" rating and raised their price target for the company from C$71.00 to C$80.00 in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce raised their price target on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Finally, Canaccord Genuity Group cut their price target on Cogeco Communications from C$76.00 to C$74.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$75.28.

Cogeco Communications Price Performance

The stock has a 50-day moving average price of C$70.36 and a 200 day moving average price of C$67.78. The company has a debt-to-equity ratio of 143.75, a current ratio of 0.40 and a quick ratio of 0.49. The firm has a market cap of C$2.58 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA - Get Free Report) last posted its earnings results on Thursday, April 9th. The company reported C$1.96 EPS for the quarter. Cogeco Communications had a return on equity of 9.79% and a net margin of 10.79%.The business had revenue of C$693.56 million for the quarter. As a group, equities research analysts forecast that Cogeco Communications Inc. will post 8.4900498 earnings per share for the current fiscal year.

About Cogeco Communications

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.

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