Cogeco Communications (TSE:CCA) Upgraded by Desjardins to “Hold” Rating

Cogeco Communications (TSE:CCA) was upgraded by research analysts at Desjardins to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently issued reports on CCA. BMO Capital Markets dropped their target price on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. CIBC boosted their target price on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Scotiabank increased their price target on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a report on Monday, January 12th. National Bankshares raised their price objective on shares of Cogeco Communications from C$66.00 to C$71.00 in a research note on Friday, January 16th. Finally, TD Securities upped their target price on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cogeco Communications currently has a consensus rating of “Hold” and a consensus price target of C$76.03.

Cogeco Communications Stock Down 1.8%

Shares of Cogeco Communications stock opened at C$65.32 on Wednesday. Cogeco Communications has a one year low of C$59.10 and a one year high of C$74.39. The company has a market cap of C$2.74 billion, a P/E ratio of 8.94, a PEG ratio of 4.77 and a beta of 0.65. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The firm has a fifty day moving average of C$67.63 and a two-hundred day moving average of C$65.73.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. The business had revenue of C$707.25 million for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. On average, analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current year.

About Cogeco Communications

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.