Cogeco Communications (OTCMKTS:CGEAF – Get Free Report) is expected to be releasing its results before the market opens on Wednesday, January 14th. Analysts expect Cogeco Communications to post earnings of $1.41 per share and revenue of $508.94 million for the quarter.
Cogeco Communications Price Performance
Cogeco Communications stock opened at $48.80 on Tuesday. The firm has a fifty day simple moving average of $47.24 and a two-hundred day simple moving average of $47.27. Cogeco Communications has a twelve month low of $40.68 and a twelve month high of $53.20.
Analyst Ratings Changes
CGEAF has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Cogeco Communications in a report on Friday, October 31st. TD Securities restated a “buy” rating on shares of Cogeco Communications in a research report on Friday, October 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Cogeco Communications in a research note on Monday. Finally, National Bankshares reiterated a “sector perform” rating on shares of Cogeco Communications in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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