Cogeco Communications (TSE:CCA – Get Free Report) had its target price raised by investment analysts at Desjardins from C$64.00 to C$69.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 24.37% from the stock’s current price.
Several other brokerages have also weighed in on CCA. TD Securities cut their price target on Cogeco Communications from C$90.00 to C$80.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Royal Bank of Canada decreased their price objective on Cogeco Communications from C$79.00 to C$73.00 in a report on Tuesday, July 9th. Scotiabank decreased their price target on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating on the stock in a research note on Monday, April 15th. Finally, Canaccord Genuity Group decreased their price target on Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$69.31.
Read Our Latest Analysis on CCA
Cogeco Communications Stock Performance
Cogeco Communications (TSE:CCA – Get Free Report) last issued its quarterly earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.33. The company had revenue of C$730.50 million during the quarter, compared to analysts’ expectations of C$735.00 million. Cogeco Communications had a return on equity of 11.41% and a net margin of 12.34%. As a group, sell-side analysts forecast that Cogeco Communications will post 8.341791 EPS for the current fiscal year.
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.
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