Cogeco Communications Inc. (TSE:CCA) Receives Average Rating of “Hold” from Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have earned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$76.03.

Several equities analysts recently weighed in on CCA shares. BMO Capital Markets cut their price objective on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Canadian Imperial Bank of Commerce upped their price target on Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. TD Securities raised their price objective 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. Desjardins raised shares of Cogeco Communications to a “hold” rating in a research report on Wednesday, January 28th. Finally, National Bank Financial increased their price target on shares of Cogeco Communications from C$66.00 to C$71.00 in a report on Friday, January 16th.

Cogeco Communications Price Performance

TSE CCA opened at C$69.45 on Friday. Cogeco Communications has a 1 year low of C$60.75 and a 1 year high of C$74.39. The company has a fifty day simple moving average of C$67.85 and a 200 day simple moving average of C$65.94. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The company has a market cap of C$2.92 billion, a P/E ratio of 9.50, a P/E/G ratio of 4.77 and a beta of 0.87.

Cogeco Communications (TSE:CCA) last announced its earnings results on Wednesday, January 14th. The company reported C$2.11 EPS 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. On average, 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.