Cogeco Communications (CCA) News Today

Cogeco Communications Inc. (TSE:CCA) shares declined today, weighed down by multiple analyst price-target cuts and EPS downgrades, alongside ongoing regulatory uncertainty as the company appeals a CRTC fibre-access ruling.

• Neutral Sentiment: Cogeco and Eastlink are appealing a Canadian Radio-television and Telecommunications Commission (CRTC) decision that mandates opening their fibre-to-the-home networks to competitors, a development that could reverse regulatory constraints but introduces legal uncertainty. Cogeco, Eastlink seek appeal of CRTC fibre access ruling
• Neutral Sentiment: The TSX Composite closed higher on gains in technology and financials, offering some support to telecom peers like Cogeco. TSX ends higher as technology and financial shares climb
• Negative Sentiment: Royal Bank of Canada lowered its price target on CCA to C$74.00 from C$75.00, signaling reduced upside potential. Price Target Cut to C$74.00 by RBC
• Negative Sentiment: Scotiabank reduced its FY2025 EPS estimate to C$8.01 from C$8.35 and trimmed its price objective to C$75.00, maintaining a “Sector Perform” rating. Scotiabank Issues Pessimistic Forecast
• Negative Sentiment: BMO Capital Markets cut its price target from C$80.00 to C$75.00, reducing its valuation outlook for the stock. BMO Capital Markets Cuts Price Target to C$75.00
• Negative Sentiment: National Bank Financial trimmed its FY2025 EPS forecast to C$7.82 from C$8.01 and projected C$7.69 for FY2026, reflecting softer earnings expectations. FY2025 EPS Estimates Decreased by National Bank Financial
• Negative Sentiment: Cogeco recently missed its quarter’s EPS consensus by 8.7%, raising concerns about near-term margin pressure. Just Missed EPS By 8.7%