Cogeco Communications (TSE:CCA) had its target price upped by Canaccord Genuity from C$97.00 to C$104.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 0.88% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Desjardins lowered Cogeco Communications from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Royal Bank of Canada raised their price target on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a research note on Monday, June 24th. Finally, National Bank Financial raised their price target on Roots from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cogeco Communications has an average rating of “Buy” and a consensus price target of C$98.50.
Shares of CCA stock opened at C$103.09 on Friday. Cogeco Communications has a 52-week low of C$61.68 and a 52-week high of C$107.00. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71. The company has a market cap of $5.12 billion and a price-to-earnings ratio of 14.77. The business’s 50 day simple moving average is C$93.80.
Cogeco Communications Company Profile
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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