Cogeco Communications (TSE:CCA) Stock Price Target Cut by Scotiabank

by · The Markets Daily

Cogeco Communications (TSE:CCA – Get Free Report) had its price target dropped by research analysts at Scotiabank from C$68.00 to C$64.50 in a report issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 22.72% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. National Bank Financial cut their price objective on Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a research report on Monday, August 31st. Royal Bank Of Canada reduced their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce reduced their price objective on Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Finally, Desjardins decreased their target price on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cogeco Communications presently has an average rating of “Moderate Buy” and an average price target of C$71.17.

Get Our Latest Report on Cogeco Communications

Cogeco Communications Price Performance

TSE CCA traded up C$0.48 during trading hours on Tuesday, reaching C$52.56. 65,230 shares of the company’s stock were exchanged, compared to its average volume of 185,372. The stock has a market cap of C$2.21 billion, a PE ratio of -1.99, a price-to-earnings-growth ratio of 4.77 and a beta of 1.08. Cogeco Communications has a one year low of C$48.18 and a one year high of C$77.40. The firm has a fifty day moving average of C$56.68 and a 200-day moving average of C$61.27. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79.

About Cogeco Communications

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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.

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