Cogeco Communications (CCA) Lowered to Hold at Desjardins

Cogeco Communications (TSE:CCA) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Thursday, April 11th, Zacks.com reports. Desjardins also issued estimates for Cogeco Communications’ Q3 2019 earnings at $1.79 EPS, Q4 2019 earnings at $1.75 EPS and FY2019 earnings at $6.77 EPS.

CCA has been the topic of a number of other reports. Echelon Wealth Partners reiterated a “buy” rating on shares of Cogeco Communications in a report on Monday, January 14th. National Bank Financial increased their target price on shares of Cogeco Communications from C$84.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. TD Securities increased their target price on shares of Cogeco Communications from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research report on Monday, January 14th. Barclays increased their target price on shares of Cogeco Communications from C$70.00 to C$73.00 in a research report on Monday, January 14th. Finally, Royal Bank of Canada increased their target price on shares of Cogeco Communications from C$84.00 to C$89.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$90.57.

Shares of Cogeco Communications stock traded up C$0.24 on Thursday, hitting C$90.17. The company’s stock had a trading volume of 49,000 shares, compared to its average volume of 87,127. Cogeco Communications has a 52-week low of C$61.68 and a 52-week high of C$92.33. The company has a quick ratio of 0.48, a current ratio of 2.41 and a debt-to-equity ratio of 158.42. The firm has a market capitalization of $4.47 billion and a PE ratio of 16.22.

Cogeco Communications (TSE:CCA) last released its earnings results on Tuesday, April 9th. The company reported C$1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.57 by C$0.07. The firm had revenue of C$584.13 million during the quarter, compared to analysts’ expectations of C$642.13 million. On average, research analysts expect that Cogeco Communications will post 7.33000022026435 EPS for the current fiscal year.

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 and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, 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.

Featured Article: What is a Derivative?

Analyst Recommendations for Cogeco Communications (TSE:CCA)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.