Cogeco Communications (TSE:CCA) Price Target Raised to C$100.00

Cogeco Communications (TSE:CCA) had its price objective hoisted by analysts at TD Securities from C$95.00 to C$100.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 35.70% from the company’s current price.

CCA has been the topic of a number of other research reports. Scotiabank lifted their price target on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets cut their target price on Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. CIBC reduced their price target on Cogeco Communications from C$71.00 to C$68.00 in a research report on Friday, October 17th. Finally, Desjardins set a C$71.00 price target on Cogeco Communications and gave the company a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$76.03.

Cogeco Communications Price Performance

Shares of TSE CCA traded up C$2.83 during mid-day trading on Friday, hitting C$73.69. 194,603 shares of the stock traded hands, compared to its average volume of 106,171. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. Cogeco Communications has a twelve month low of C$59.10 and a twelve month high of C$74.04. The company has a market cap of C$3.09 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 4.77 and a beta of 0.65. The firm has a 50 day simple moving average of C$66.68 and a two-hundred day simple moving average of C$65.87.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%.The firm had revenue of C$707.25 million during the quarter. As a group, equities research analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Company Profile

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. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.