Cogeco Communications (TSE:CCA) PT Raised to C$79.00

Cogeco Communications (TSE:CCA) had its price objective hoisted by analysts at Royal Bank of Canada from C$76.00 to C$79.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 41.83% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Cogeco Communications from C$64.00 to C$65.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Canaccord Genuity Group lowered their price target on shares of Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating for the company in a report on Monday. Scotiabank lowered their price target on shares of Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a report on Monday. Desjardins lowered their price target on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Monday. Finally, CIBC decreased their price objective on Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating for the company in a report on Monday, December 18th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$69.69.

Cogeco Communications Stock Down 1.3 %

Shares of CCA opened at C$55.70 on Tuesday. The firm has a 50 day simple moving average of C$59.71 and a two-hundred day simple moving average of C$58.44. The company has a market cap of C$1.68 billion, a P/E ratio of 6.69, a P/E/G ratio of 4.77 and a beta of 0.47. The company has a debt-to-equity ratio of 136.39, a current ratio of 0.59 and a quick ratio of 0.49. Cogeco Communications has a one year low of C$50.78 and a one year high of C$72.56.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.88 by C$0.33. The company had revenue of C$730.50 million during the quarter, compared to the consensus estimate of C$735.00 million. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. Research analysts forecast that Cogeco Communications will post 8.4785185 EPS for the current fiscal year.

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.