Cogeco Communications Inc (CCA) PT Raised to C$84.00

Cogeco Communications Inc (TSE:CCA) had its price target raised by stock analysts at BMO Capital Markets from C$82.00 to C$84.00 in a research note issued to investors on Monday, July 17th. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 7.62% from the stock’s previous close.

Several other equities research analysts also recently commented on CCA. TD Securities upped their target price on shares of Cogeco Communications from C$78.00 to C$80.00 and gave the company a “hold” rating in a research note on Monday, April 10th. Barclays PLC upped their target price on shares of Cogeco Communications from C$75.00 to C$80.00 in a research note on Monday, July 17th. Desjardins downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating and upped their target price for the company from C$79.00 to C$87.50 in a research note on Tuesday, July 11th. Royal Bank Of Canada upped their target price on shares of Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 11th. Finally, Scotiabank upped their target price on shares of Cogeco Communications from C$83.00 to C$95.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$82.50.

Cogeco Communications (TSE:CCA) traded up 1.48% during trading on Monday, reaching $90.93. 61,261 shares of the company were exchanged. The firm has a market cap of $4.48 billion and a price-to-earnings ratio of 14.87. The firm has a 50-day moving average of $84.51 and a 200-day moving average of $77.22. Cogeco Communications has a 52-week low of $60.62 and a 52-week high of $91.01.

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In other news, insider René Guimond sold 900 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00. Also, insider Elizabeth Alves sold 996 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of C$87.05, for a total transaction of C$86,701.80. Insiders have sold 1,996 shares of company stock valued at $173,884 in the last three months.

About Cogeco Communications

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

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