Cogeco Communications (TSE:CCA – Get Free Report) had its price target dropped by stock analysts at Desjardins from C$68.00 to C$64.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 13.37% from the company’s current price.
Several other research analysts also recently commented on the company. CIBC reduced their price objective on Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating on the stock in a report on Monday, December 18th. BMO Capital Markets raised their price target on Cogeco Communications from C$64.00 to C$65.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Canaccord Genuity Group dropped their target price on shares of Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a report on Monday. Royal Bank of Canada reduced their price target on shares of Cogeco Communications from C$84.00 to C$76.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. Finally, Scotiabank set a C$77.00 price objective on shares of Cogeco Communications and gave the company a “sector perform” rating in a report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$69.69.
Read Our Latest Stock Report on CCA
Cogeco Communications Trading Up 0.7 %
Cogeco Communications (TSE:CCA – Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of C$735.00 million. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. Equities research analysts forecast that Cogeco Communications will post 8.4785185 earnings per share for the current year.
Cogeco Communications Company Profile
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.
Recommended Stories
- Five stocks we like better than Cogeco Communications
- What Are Dividend Champions? How to Invest in the Champions
- Silicon Motion Proves That AI in Motion Stays in Motion
- ESG Stocks, What Investors Should Know
- Undervalued UnitedHealth Group Won’t Be For Long
- Where Do I Find 52-Week Highs and Lows?
- The 5 Stocks Most Sold By Insiders This Year
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.