Cogeco Communications (TSE:CCA – Get Free Report) had its target price decreased by equities researchers at TD Securities from C$93.00 to C$90.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 59.43% from the stock’s previous close.
A number of other brokerages have also recently weighed in on CCA. Royal Bank of Canada dropped their price target on Cogeco Communications from C$84.00 to C$76.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th. Desjardins lowered their price objective on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research report on Monday. CIBC reduced their target price 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. Scotiabank dropped their price target on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating on the stock in a research report on Monday. Finally, 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 research note on Friday, January 12th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$69.69.
Check Out Our Latest Analysis on CCA
Cogeco Communications Trading Up 0.7 %
Cogeco Communications (TSE:CCA – Get Free Report) last announced its quarterly earnings data 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. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The company had revenue of C$730.50 million for the quarter, compared to analysts’ expectations of C$735.00 million. Equities research analysts predict that Cogeco Communications will post 8.4785185 EPS 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.
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