Cogeco Communications (TSE:CCA) Raised to “Outperform” at National Bank Financial

Cogeco Communications (TSE:CCA) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a C$80.00 price objective on the stock, up from their previous price objective of C$71.00. National Bank Financial’s price target indicates a potential upside of 8.43% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Desjardins raised Cogeco Communications to a “hold” rating in a research note on Wednesday, January 28th. BMO Capital Markets lowered their target price on shares of Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. Scotiabank upped their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a report on Monday, January 12th. Finally, TD Securities boosted their price target on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$77.16.

Cogeco Communications Price Performance

TSE:CCA traded up C$3.91 during midday trading on Wednesday, hitting C$73.78. 232,514 shares of the stock were exchanged, compared to its average volume of 171,937. The business has a 50-day moving average price of C$68.02 and a two-hundred day moving average price of C$66.14. The company has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 4.77 and a beta of 0.87. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. Cogeco Communications has a one year low of C$60.75 and a one year high of C$74.39.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. The business had revenue of C$707.25 million for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%. Sell-side analysts predict that Cogeco Communications will post 8.4900498 EPS for the current year.

About Cogeco Communications

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.