Cogeco Communications Inc. (CCA.TO) – What Are Investment Firms Saying About This Stock?

Shares of Cogeco Communications Inc. (TSE:CCA) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$71.17.

Several brokerages have issued reports on CCA. Canadian Imperial Bank of Commerce lowered their price objective on shares of Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. National Bank Financial reduced their target price on Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a report on Monday, August 31st. Desjardins lowered their target price on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Scotiabank reduced their price target on shares of Cogeco Communications from C$68.00 to C$64.50 and set a “sector perform” rating for the company in a report on Tuesday, October 20th. Finally, Royal Bank Of Canada cut their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a report on Friday, July 10th.

Cogeco Communications Price Performance

CCA opened at C$53.28 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79. Cogeco Communications has a 12-month low of C$48.18 and a 12-month high of C$77.40. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of -2.02, a PEG ratio of 4.77 and a beta of 1.08. The business’s fifty day simple moving average is C$55.54 and its 200-day simple moving average is C$63.41.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, October 29th. The company reported C$2.05 earnings per share (EPS) for the quarter. The firm had revenue of C$695.49 million for the quarter. Cogeco Communications had a negative return on equity of 38.76% and a negative net margin of 39.56%. On average, equities research analysts anticipate that Cogeco Communications will post 8.49 earnings per share for the current fiscal year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.