Cogeco Communications (TSE:CCA) Given New C$86.00 Price Target at Barclays

Cogeco Communications (TSE:CCA) had its price objective reduced by research analysts at Barclays from C$90.00 to C$86.00 in a research report issued on Friday, January 12th. Barclays’ price target would indicate a potential upside of 13.61% from the company’s previous close.

CCA has been the subject of a number of other research reports. Scotiabank dropped their price objective on Cogeco Communications from C$103.00 to C$95.00 and set an “outperform” rating for the company in a research report on Friday, January 12th. TD Securities lifted their price objective on Cogeco Communications from C$83.00 to C$87.00 and gave the stock a “reduce” rating in a research report on Monday, November 6th. National Bank Financial lifted their price objective on Cogeco Communications from C$82.00 to C$92.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 1st. CIBC lifted their price objective on Cogeco Communications from C$78.00 to C$93.00 in a research report on Monday, January 8th. Finally, BMO Capital Markets decreased their price target on Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$88.95.

Cogeco Communications (TSE:CCA) opened at C$75.70 on Friday. Cogeco Communications has a 52-week low of C$68.69 and a 52-week high of C$95.21. The stock has a market capitalization of $3,770.00, a price-to-earnings ratio of 12.51 and a beta of 0.71.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%. The business had revenue of C$553.63 million during the quarter, compared to analysts’ expectations of C$555.00 million.

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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.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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