Cogeco Communications (TSE:CCA) Price Target Raised to C$77.50

Cogeco Communications (TSE:CCA) had its target price hoisted by investment analysts at Scotiabank from C$73.50 to C$77.50 in a research note issued on Monday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 9.85% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CCA. Royal Bank of Canada increased their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. TD Securities boosted their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. National Bankshares upgraded shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$64.00 to C$80.00 in a report on Friday, September 20th. Bank of America upgraded shares of Cogeco Communications from an “underperform” rating to a “buy” rating and upped their price objective for the stock from C$60.00 to C$65.00 in a report on Wednesday, July 17th. Finally, Desjardins raised their target price on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$75.50.

Cogeco Communications Stock Up 1.9 %

Cogeco Communications stock traded up C$1.30 during mid-day trading on Monday, hitting C$70.55. The company’s stock had a trading volume of 68,633 shares, compared to its average volume of 76,432. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49. Cogeco Communications has a 52-week low of C$50.78 and a 52-week high of C$72.40. The firm’s 50 day moving average is C$67.92 and its 200 day moving average is C$60.46. The company has a market cap of C$2.12 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.