Cogeco Communications (TSE:CCA) Stock Price Target Lowered at Scotia

Cogeco Communications (TSE:CCA) had its price target cut by Scotia from C$64.50 to C$63.00 in a research report issued on Friday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. Scotia‘s price target would suggest a potential upside of 18.38% from the stock’s current price.

CCA has been the topic of several other research reports. Royal Bank Of Canada cut their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. TD reduced their price target on shares of Cogeco Communications from C$83.00 to C$81.00 and set a “buy” rating for the company in a research report on Friday. Canadian Imperial Bank of Commerce decreased their price objective on shares of Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Scotiabank lowered their price objective on shares of Cogeco Communications from C$68.00 to C$64.50 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. Finally, National Bank Financial lowered their price objective on shares of Cogeco Communications from C$69.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$65.55.

Cogeco Communications Price Performance

TSE:CCA traded down C$0.06 during mid-day trading on Friday, reaching C$53.22. 184,814 shares of the stock were exchanged, compared to its average volume of 186,616. The business has a fifty day moving average price of C$55.54 and a 200 day moving average price of C$63.41. The firm has a market capitalization of C$2.24 billion, a PE ratio of -2.01, a PEG ratio of 4.77 and a beta of 1.08. Cogeco Communications has a 1-year low of C$48.18 and a 1-year high of C$77.40. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$2.05 earnings per share for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. The company had revenue of C$695.49 million during the quarter. Research analysts expect that Cogeco Communications will post 8.49 earnings per share for the current fiscal year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.