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

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

Other analysts also recently issued research reports about the company. Scotiabank decreased their price target on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a research note on Monday. Desjardins dropped their price target on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Monday. CIBC decreased their price objective on Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating on the stock in a research report on Monday, December 18th. BMO Capital Markets increased their price objective on Cogeco Communications from C$64.00 to C$65.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, TD Securities decreased their price objective on Cogeco Communications from C$93.00 to C$90.00 and set a “buy” rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cogeco Communications has a consensus rating of “Hold” and an average target price of C$69.69.

Cogeco Communications Stock Performance

CCA opened at C$55.70 on Tuesday. The company has a market cap of C$1.68 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 4.77 and a beta of 0.47. The stock has a 50-day moving average of C$59.71 and a 200-day moving average of C$58.44. Cogeco Communications has a 52-week low of C$50.78 and a 52-week high of C$72.56. The company has a debt-to-equity ratio of 136.39, a quick ratio of 0.49 and a current ratio of 0.59.

Cogeco Communications (TSE:CCA) last released 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 return on equity of 11.58% and a net margin of 12.47%. As a group, equities research analysts forecast that Cogeco Communications will post 8.4785185 earnings per share 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.