Cogeco Communications Inc. (TSE:CCA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$71.61.

A number of research analysts have commented on the stock. Bank of America upgraded shares of Cogeco Communications from an “underperform” rating to a “buy” rating and increased their price objective for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Royal Bank of Canada boosted their price objective on Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. TD Securities increased their target price on Cogeco Communications from C$80.00 to C$85.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Desjardins boosted their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a report on Monday, July 15th. Finally, National Bank Financial upgraded Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 19th.

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$69.25 on Monday. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$72.40. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41. The firm has a 50 day moving average price of C$67.92 and a 200 day moving average price of C$60.46. The company has a market cap of C$2.08 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 4.77 and a beta of 0.59.

Cogeco Communications Company Profile

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.