Cogeco Communications (TSE:CCA – Free Report) had its target price boosted by Royal Bank of Canada from C$76.00 to C$79.00 in a research note issued to investors on Thursday, BayStreet.CA reports.
A number of other research analysts also recently commented on CCA. BMO Capital Markets boosted their target price on Cogeco Communications from C$65.00 to C$70.00 in a research note on Thursday, September 5th. National Bankshares upgraded Cogeco Communications from a sector perform rating to an outperform rating and boosted their target price for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th. TD Securities boosted their target price on Cogeco Communications from C$80.00 to C$85.00 and gave the company a buy rating in a research note on Monday, July 15th. Desjardins boosted their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a hold rating in a research report on Monday, July 15th. Finally, National Bank Financial raised Cogeco Communications from a hold rating to a strong-buy rating in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cogeco Communications has a consensus rating of Moderate Buy and an average price target of C$71.61.
Check Out Our Latest Analysis on Cogeco Communications
Cogeco Communications Stock Up 1.3 %
Cogeco Communications (TSE:CCA – Get Free Report) last released its quarterly earnings data on Thursday, July 11th. The company reported C$2.45 earnings per share for the quarter, topping the consensus estimate of C$1.73 by C$0.72. Cogeco Communications had a return on equity of 10.52% and a net margin of 11.44%. The business had revenue of C$750.58 million during the quarter, compared to analyst estimates of C$751.50 million. Equities analysts expect that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.
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.
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