Shares of Cogeco Communications Inc (TSE:CCA) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$71.00.

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a C$68.00 price objective on shares of Cogeco Communications in a research report on Friday, July 8th. Desjardins reiterated a “buy” rating and issued a C$72.00 price target on shares of Cogeco Communications in a research report on Friday, July 8th. CIBC decreased their price target on shares of Cogeco Communications from C$79.00 to C$75.00 in a research report on Friday, July 8th. Canaccord Genuity decreased their price target on shares of Cogeco Communications from C$81.00 to C$72.00 in a research report on Friday, July 8th. Finally, Scotiabank increased their price target on shares of Cogeco Communications from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday, July 4th.

Shares of Cogeco Communications (TSE:CCA) opened at 64.54 on Monday. The company’s market capitalization is $3.17 billion. The stock’s 50 day moving average is $63.46 and its 200-day moving average is $65.63. Cogeco Communications has a 12-month low of $58.32 and a 12-month high of $71.67.

Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based telecommunications company. It operates into three segments: Canadian cable services, American cable services and Enterprise data services. The Canadian and American cable services segments provide a wide range of Television, High Speed Internet (HSI) and Telephony services primarily to residential customers.

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