Cogeco Communications (TSE:CCA - Get Free Report) had its target price cut by stock analysts at Scotiabank from C$75.50 to C$75.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's price objective points to a potential upside of 12.65% from the stock's previous close.
Other research analysts have also recently issued research reports about the company. National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the stock an "outperform" rating in a research report on Friday, June 6th. Royal Bank Of Canada lowered their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday. Desjardins boosted their price objective on Cogeco Communications from C$72.00 to C$74.00 in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group boosted their price objective on 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. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$76.20.
Check Out Our Latest Research Report on CCA
Cogeco Communications Stock Up 2.6%
Shares of TSE:CCA traded up C$1.70 during mid-day trading on Thursday, hitting C$66.58. 169,507 shares of the company traded hands, compared to its average volume of 82,615. The stock has a market cap of C$2.80 billion, a P/E ratio of 8.06, a P/E/G 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. Cogeco Communications has a 12-month low of C$59.10 and a 12-month high of C$75.09. The stock has a 50-day moving average price of C$69.11 and a two-hundred day moving average price of C$66.80.
Cogeco Communications Company Profile
(
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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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