Cogeco Communications Inc. (TSE:CCA) Stock Has Consensus Price Target of C$71.17

Shares of Cogeco Communications Inc. (TSE:CCA) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$71.17.

CCA has been the subject of a number of research reports. Canadian Imperial Bank of Commerce cut their target price on shares of Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Royal Bank Of Canada reduced their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Scotiabank lowered their price target on shares of Cogeco Communications from C$68.00 to C$64.50 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. National Bank Financial lowered their price target on shares of Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating on the stock in a research report on Monday, August 31st. Finally, Desjardins dropped their price target on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th.

Cogeco Communications Trading Down 1.4%

Shares of CCA opened at C$53.52 on Friday. The business has a 50-day moving average of C$55.84 and a 200 day moving average of C$63.55. Cogeco Communications has a fifty-two week low of C$48.18 and a fifty-two week high of C$77.40. The firm has a market cap of C$2.25 billion, a P/E ratio of -2.02, a price-to-earnings-growth ratio of 4.77 and a beta of 1.08. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.