Cogeco Communications (TSE:CCA) Given New C$89.00 Price Target at TD Securities

Cogeco Communications (TSE:CCA) had its price target hoisted by TD Securities from C$85.00 to C$89.00 in a research note issued on Monday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 26.15% from the company’s current price.

CCA has been the subject of several other research reports. Desjardins upped their price target on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research report on Monday, July 15th. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$64.00 to C$80.00 in a report on Friday, September 20th. BMO Capital Markets boosted their price target on Cogeco Communications from C$65.00 to C$70.00 in a report on Thursday, September 5th. Royal Bank of Canada increased their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Finally, National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cogeco Communications has an average rating of “Moderate Buy” and a consensus target price of C$75.50.

Cogeco Communications Stock Performance

Shares of CCA traded up C$1.30 during trading hours on Monday, hitting C$70.55. The stock had a trading volume of 68,633 shares, compared to its average volume of 76,432. The firm has a market capitalization of C$2.12 billion, a PE ratio of 9.00, a PEG ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49. Cogeco Communications has a 12 month low of C$50.78 and a 12 month high of C$72.40. The stock has a fifty day moving average price of C$67.92 and a 200 day moving average price of C$60.46.

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.