Desjardins Upgrades Cogeco Communications (TSE:CCA) to Hold

Cogeco Communications (TSE:CCA) was upgraded by equities research analysts at Desjardins to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. BMO Capital Markets lowered their price target on Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. Scotiabank increased their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research note on Monday, January 12th. CIBC boosted their price target on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. TD Securities upped their price target on Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, National Bankshares increased their price objective on shares of Cogeco Communications from C$66.00 to C$71.00 in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Cogeco Communications has an average rating of “Hold” and a consensus price target of C$76.03.

Cogeco Communications Stock Down 1.8%

Shares of TSE:CCA opened at C$65.32 on Wednesday. The stock has a 50-day simple moving average of C$67.63 and a 200-day simple moving average of C$65.73. The stock has a market capitalization of C$2.74 billion, a P/E ratio of 8.94, a PEG ratio of 4.77 and a beta of 0.65. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$74.39. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. The firm had revenue of C$707.25 million for the quarter. Equities analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current 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.