Cogeco Communications Inc. (TSE:CCA) Receives C$77.16 Average Price Target from Brokerages

Cogeco Communications Inc. (TSE:CCA) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$77.16.

Several brokerages have recently issued reports on CCA. TD Securities upped their price target on Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce boosted their price objective on Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to an “outperform” rating and upped their target price for the company from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Desjardins raised shares of Cogeco Communications to a “hold” rating in a research note on Wednesday, January 28th. Finally, Scotiabank lifted their price target on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research report on Monday, January 12th.

Cogeco Communications Stock Performance

Shares of Cogeco Communications stock opened at C$71.55 on Thursday. The company has a debt-to-equity ratio of 143.75, a current ratio of 0.40 and a quick ratio of 0.49. The firm has a 50 day simple moving average of C$69.65 and a 200 day simple moving average of C$67.02. Cogeco Communications has a fifty-two week low of C$60.75 and a fifty-two week high of C$74.40. The firm has a market cap of C$3.00 billion, a P/E ratio of 9.79, a P/E/G ratio of 4.77 and a beta of 1.01.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. The firm had revenue of C$707.25 million for the quarter. Cogeco Communications had a return on equity of 9.79% and a net margin of 10.79%. Sell-side analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal 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.