Cogeco Communications Inc (TSE:CCA) – Stock analysts at National Bank Financial lowered their FY2019 earnings estimates for shares of Cogeco Communications in a report issued on Thursday, November 1st. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $6.52 for the year, down from their prior forecast of $6.72. National Bank Financial currently has a “Outperform” rating and a $80.00 price target on the stock.
A number of other research analysts have also issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Cogeco Communications from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a report on Friday. Desjardins upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and set a C$82.00 price objective for the company in a report on Tuesday, July 24th. Barclays raised their price objective on shares of Cogeco Communications from C$70.00 to C$72.00 in a report on Saturday, July 14th. Finally, TD Securities raised their price objective on shares of Cogeco Communications from C$89.00 to C$90.00 and gave the company a “buy” rating in a report on Saturday, July 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$82.89.
Shares of TSE CCA opened at C$65.79 on Monday. Cogeco Communications has a 1 year low of C$62.81 and a 1 year high of C$94.28.
In related news, Director Louis Audet sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of C$65.00, for a total value of C$45,500.00.
Cogeco Communications Company Profile
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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