Brokerages Set Cogeco Communications Inc. (TSE:CCA) Price Target at C$71.61

Shares of Cogeco Communications Inc. (TSE:CCA) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$71.61.

Several analysts have issued reports on the stock. Bank of America raised shares of Cogeco Communications from an “underperform” rating to a “buy” rating and boosted their target price for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. TD Securities upped their price target on Cogeco Communications from C$80.00 to C$85.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Desjardins raised their price objective on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Finally, National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$64.00 to C$80.00 in a research report on Friday, September 20th.

Cogeco Communications Stock Performance

CCA opened at C$69.68 on Monday. The business has a fifty day simple moving average of C$67.61 and a 200-day simple moving average of C$60.21. The firm has a market cap of C$2.09 billion, a PE ratio of 8.81, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.40.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.