Cogeco Communications (TSE:CCA) had its price target trimmed by Barclays from C$90.00 to C$86.00 in a report released on Friday.
A number of other analysts have also weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday. National Bank Financial lowered their price objective on shares of Cogeco Communications from C$96.00 to C$88.00 and set a sector perform rating for the company in a research note on Friday. TD Securities upped their price objective on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the stock a hold rating in a research note on Friday. Scotiabank lowered their price objective on shares of Cogeco Communications from C$103.00 to C$95.00 and set an outperform rating for the company in a research note on Friday. Finally, CIBC increased their price target on shares of Cogeco Communications from C$78.00 to C$93.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$89.25.
Cogeco Communications (TSE:CCA) traded down C$2.03 during trading hours on Friday, reaching C$80.51. 170,900 shares of the company were exchanged, compared to its average volume of 86,235. Cogeco Communications has a 52 week low of C$66.99 and a 52 week high of C$95.21. The stock has a market capitalization of $3,990.00, a price-to-earnings ratio of 13.31 and a beta of 0.71.
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About Cogeco Communications
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.
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