Shares of Cogeco Communications Inc. (OTCMKTS:CGEAF) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $121.90.
Separately, National Bank Financial reaffirmed an “outperform” rating on shares of Cogeco Communications in a research note on Wednesday, April 7th.
Shares of OTCMKTS:CGEAF traded up $2.45 on Friday, hitting $97.99. 2,371 shares of the company’s stock were exchanged, compared to its average volume of 752. Cogeco Communications has a 12 month low of $69.98 and a 12 month high of $98.62. The stock’s 50 day simple moving average is $95.52.
Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.
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