Equities Analysts Offer Predictions for Cogeco Communications Inc.’s Q2 2021 Earnings (TSE:CCA)

Cogeco Communications Inc. (TSE:CCA) – Equities research analysts at National Bank Financial issued their Q2 2021 earnings per share (EPS) estimates for shares of Cogeco Communications in a research note issued on Tuesday, April 6th. National Bank Financial analyst A. Shine expects that the company will post earnings of $2.17 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $126.00 price target on the stock.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, January 14th. The company reported C$2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.94 by C$0.28. The company had revenue of C$618.91 million during the quarter, compared to the consensus estimate of C$613.30 million.

A number of other research firms have also weighed in on CCA. TD Securities increased their target price on Cogeco Communications from C$125.00 to C$140.00 and gave the stock a “buy” rating in a research note on Monday, January 18th. National Bankshares upped their price target on shares of Cogeco Communications from C$126.00 to C$130.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank lifted their price objective on shares of Cogeco Communications from C$124.00 to C$129.00 in a report on Thursday, December 10th. Finally, Desjardins reissued a “hold” rating on shares of Cogeco Communications in a research note on Thursday, March 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cogeco Communications has an average rating of “Buy” and an average price target of C$124.44.

Shares of CCA opened at C$119.79 on Thursday. The company’s fifty day simple moving average is C$117.73 and its 200-day simple moving average is C$105.55. Cogeco Communications has a twelve month low of C$89.90 and a twelve month high of C$132.00. The company has a current ratio of 1.59, a quick ratio of 1.45 and a debt-to-equity ratio of 113.73. The company has a market cap of C$5.74 billion and a P/E ratio of 14.62.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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