Cogeco Communications (TSE:CCA - Get Free Report) had its target price upped by investment analysts at Desjardins from C$72.00 to C$74.00 in a report released on Thursday,BayStreet.CA reports. Desjardins' price target suggests a potential upside of 2.03% from the stock's current price.
A number of other research analysts have also recently issued reports on CCA. Canaccord Genuity Group lifted their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Scotiabank set a C$75.00 price objective on shares of Cogeco Communications and gave the company a "sector perform" rating in a research note on Thursday, April 17th. National Bankshares set a C$85.00 target price on shares of Cogeco Communications and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, Royal Bank Of Canada raised their target price on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$77.10.
Check Out Our Latest Stock Analysis on CCA
Cogeco Communications Price Performance
TSE:CCA traded up C$0.06 during mid-day trading on Thursday, reaching C$72.53. The stock had a trading volume of 18,319 shares, compared to its average volume of 80,740. The stock has a 50-day simple moving average of C$68.76 and a two-hundred day simple moving average of C$66.66. The stock has a market capitalization of C$3.05 billion, a PE ratio of 8.78, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. Cogeco Communications has a 12 month low of C$51.25 and a 12 month high of C$75.09.
About Cogeco Communications
(
Get Free Report)
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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