Cogeco Communications (CCA) PT Lowered to C$81.00

Cogeco Communications (TSE:CCA) had its price objective cut by investment analysts at Royal Bank of Canada from C$83.00 to C$81.00 in a research note issued to investors on Friday, November 2nd. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 24.63% from the company’s previous close.

Several other equities research analysts also recently weighed in on CCA. National Bank Financial raised their price target on shares of Cogeco Communications from C$77.00 to C$79.00 and gave the company an “outperform” rating in a research report on Saturday, July 14th. Desjardins raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and set a C$82.00 price target for the company in a research report on Tuesday, July 24th. TD Securities raised their price target on shares of Cogeco Communications from C$89.00 to C$90.00 and gave the company a “buy” rating in a research report on Saturday, July 14th. Finally, Barclays raised their price target on shares of Cogeco Communications from C$70.00 to C$72.00 in a research report on Saturday, July 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$82.89.

Shares of TSE CCA traded down C$0.39 on Friday, reaching C$64.99. 61,600 shares of the company’s stock traded hands, compared to its average volume of 75,198. Cogeco Communications has a 12 month low of C$62.81 and a 12 month high of C$94.28. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 172.10.

In other Cogeco Communications news, Director Louis Audet sold 700 shares of Cogeco Communications stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of C$65.00, for a total value of C$45,500.00.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It offers digital video services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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