Cogeco Communications (TSE:CCA) Price Target Cut to C$120.00

Cogeco Communications (TSE:CCA) had its price target dropped by stock analysts at National Bank Financial from C$132.00 to C$120.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 5.26% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity upped their price target on shares of Cogeco Communications from C$93.00 to C$96.00 in a research report on Wednesday, June 3rd. Scotiabank upped their price target on shares of Cogeco Communications from C$123.00 to C$124.00 in a research report on Friday, July 17th. CIBC upped their price target on shares of Cogeco Communications from C$110.00 to C$111.00 in a research report on Friday, July 17th. TD Securities raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and upped their price target for the stock from C$110.00 to C$115.00 in a research report on Wednesday, September 2nd. Finally, Royal Bank of Canada upped their price target on shares of Cogeco Communications from C$109.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 3rd.

Shares of TSE CCA opened at C$114.00 on Tuesday. Cogeco Communications has a 52-week low of C$87.57 and a 52-week high of C$132.00. The firm has a fifty day moving average of C$105.06 and a 200-day moving average of C$100.98. The stock has a market capitalization of $5.48 billion and a PE ratio of 15.05. The company has a quick ratio of 1.04, a current ratio of 1.09 and a debt-to-equity ratio of 130.19.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, July 15th. The company reported C$1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.82 by C$0.05. The company had revenue of C$605.82 million for the quarter, compared to analysts’ expectations of C$588.20 million. Equities research analysts expect that Cogeco Communications will post 7.5959284 EPS for the current fiscal year.

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 and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, 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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