Shares of Cogeco Communications (TSE:CCA) have earned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$84.40.
Several analysts recently weighed in on CCA shares. Royal Bank of Canada dropped their price objective on Cogeco Communications from C$86.00 to C$84.00 and set a “sector perform” rating for the company in a research report on Monday, April 16th. TD Securities upgraded Cogeco Communications from a “hold” rating to a “buy” rating and set a C$89.00 price objective for the company in a research report on Tuesday, March 6th. Barclays dropped their price objective on Cogeco Communications from C$86.00 to C$70.00 in a research report on Monday, April 16th. CIBC dropped their price objective on Cogeco Communications from C$90.00 to C$85.00 in a research report on Monday, April 16th. Finally, Canaccord Genuity dropped their price objective on Cogeco Communications from C$85.00 to C$73.00 and set a “hold” rating for the company in a research report on Monday, April 16th.
CCA opened at C$66.23 on Tuesday. Cogeco Communications has a 52-week low of C$65.55 and a 52-week high of C$95.21.
Cogeco Communications (TSE:CCA) last released its earnings results on Thursday, April 12th. The company reported C$1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.43 by C$0.08. Cogeco Communications had a return on equity of 18.83% and a net margin of 13.81%. The company had revenue of C$598.94 million for the quarter, compared to analyst estimates of C$583.00 million.
In related news, insider Ken Smithard sold 1,100 shares of the company’s stock in a transaction on Wednesday, April 25th. The stock was sold at an average price of C$67.94, for a total transaction of C$74,734.00.
About Cogeco Communications
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It offers digital video services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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