Cogeco Communications (CCA) Price Target Cut to C$86.00 by Analysts at Barclays

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.

COPYRIGHT VIOLATION NOTICE: “Cogeco Communications (CCA) Price Target Cut to C$86.00 by Analysts at Barclays” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/13/cogeco-communications-cca-price-target-cut-to-c86-00-by-analysts-at-barclays.html.

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.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply