Cogeco Communications Inc (CCA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Cogeco Communications Inc (TSE:CCA) have earned a consensus rating of “Buy” from the nine brokerages that are covering the stock, reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$87.38.

CCA has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Cogeco Communications from C$82.00 to C$84.00 and gave the stock a “sector perform” rating in a report on Monday, January 14th. TD Securities raised their price objective on Cogeco Communications from C$90.00 to C$95.00 and gave the company a “buy” rating in a research note on Monday, January 14th. Echelon Wealth Partners restated a “buy” rating on shares of Cogeco Communications in a research note on Monday, January 14th. Barclays raised their price objective on Cogeco Communications from C$70.00 to C$73.00 in a research note on Monday, January 14th. Finally, National Bank Financial raised their price objective on Cogeco Communications from C$84.00 to C$90.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th.

Shares of CCA traded up C$0.04 during trading hours on Thursday, reaching C$84.19. The stock had a trading volume of 128,439 shares, compared to its average volume of 89,368. Cogeco Communications has a 12 month low of C$61.68 and a 12 month high of C$86.35. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 165.78. The stock has a market cap of $4.19 billion and a P/E ratio of 12.27.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, January 10th. The company reported C$1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.09). The company had revenue of C$643.33 million during the quarter. On average, analysts expect that Cogeco Communications will post 6.84000009389823 EPS 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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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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