Q3 2018 EPS Estimates for Cogeco Communications Boosted by Analyst (CCA)
Cogeco Communications (TSE:CCA) – Equities researchers at Desjardins raised their Q3 2018 earnings per share estimates for Cogeco Communications in a research note issued on Monday, April 16th. Desjardins analyst M. Yaghi now forecasts that the company will post earnings per share of $1.79 for the quarter, up from their previous estimate of $1.73. Desjardins also issued estimates for Cogeco Communications’ Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $6.17 EPS and FY2019 earnings at $6.61 EPS.
A number of other research firms also recently issued reports on CCA. Scotiabank reduced their price objective on Cogeco Communications from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Monday. National Bank Financial lifted their price objective on Cogeco Communications from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 11th. CIBC reduced their price objective on Cogeco Communications from C$90.00 to C$85.00 in a research note on Monday. Royal Bank of Canada reduced their price objective on Cogeco Communications from C$86.00 to C$84.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Canaccord Genuity reduced their price objective on Cogeco Communications from C$85.00 to C$73.00 and set a “hold” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$84.60.
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About Cogeco Communications
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It offers digital video services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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