TD Securities Increases Cogeco Communications (CCA) Price Target to C$95.00

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Cogeco Communications (TSE:CCA) had its price objective increased by equities researchers at TD Securities from C$90.00 to C$95.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 26.21% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Cogeco Communications from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd. National Bank Financial raised their price target on shares of Cogeco Communications from C$79.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. Finally, Barclays raised their price objective on shares of Cogeco Communications from C$70.00 to C$73.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cogeco Communications presently has an average rating of “Buy” and an average target price of C$83.13.

CCA traded up C$1.48 during trading on Monday, reaching C$75.27. 127,787 shares of the company’s stock were exchanged, compared to its average volume of 124,551. Cogeco Communications has a 1 year low of C$61.68 and a 1 year high of C$81.37. The company has a debt-to-equity ratio of 167.75, a current ratio of 0.48 and a quick ratio of 0.42.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Wednesday, October 31st. The company reported C$1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.43 by C$0.02. The business had revenue of C$633.86 million for the quarter, compared to analysts’ expectations of C$635.40 million. As a group, sell-side analysts predict that Cogeco Communications will post 6.60000053854004 earnings per share for the current year.

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 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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