Cogeco Communications (TSE:CCA) Given New C$90.00 Price Target at TD Securities

Cogeco Communications (TSE:CCA - Get Free Report) had its price objective lowered by analysts at TD Securities from C$93.00 to C$90.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 60.49% from the company's current price.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets lifted their target price on shares of Cogeco Communications from C$64.00 to C$65.00 and gave the company a "market perform" rating in a report on Friday, January 12th. Scotiabank cut their price target on shares of Cogeco Communications from C$77.00 to C$73.50 and set a "sector perform" rating for the company in a report on Monday. Desjardins cut their price target on shares of Cogeco Communications from C$68.00 to C$64.00 and set a "hold" rating for the company in a report on Monday. CIBC cut their price target on shares of Cogeco Communications from C$65.00 to C$63.00 and set a "neutral" rating for the company in a report on Monday, December 18th. Finally, Canaccord Genuity Group cut their price target on shares of Cogeco Communications from C$63.00 to C$60.00 and set a "hold" rating for the company in a report on Monday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cogeco Communications currently has an average rating of "Hold" and an average price target of C$69.31.

Cogeco Communications Stock Performance

TSE CCA traded up C$0.25 on Monday, hitting C$56.08. 52,500 shares of the company's stock traded hands, compared to its average volume of 100,951. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 136.39. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$72.56. The firm's 50-day moving average price is C$59.80 and its two-hundred day moving average price is C$58.49. The firm has a market capitalization of C$1.69 billion, a PE ratio of 6.74, a P/E/G ratio of 4.77 and a beta of 0.47.

Cogeco Communications (TSE:CCA - Get Free Report) last announced its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, beating the consensus estimate of C$1.88 by C$0.33. The business had revenue of C$730.50 million during the quarter, compared to analysts' expectations of C$735.00 million. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. As a group, analysts expect that Cogeco Communications will post 8.4785185 EPS for the current year.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.