Cogeco Communications (CCA) Price Target Raised to C$93.00 at CIBC

Cogeco Communications (TSE:CCA) had its price target lifted by CIBC from C$78.00 to C$93.00 in a research note published on Monday.

Other equities research analysts also recently issued research reports about the company. Macquarie downgraded Cogeco Communications from an outperform rating to a neutral rating and set a C$90.00 price objective on the stock. in a research report on Wednesday, September 20th. Scotiabank reiterated an outperform rating and issued a C$102.00 price objective on shares of Cogeco Communications in a research report on Monday, November 6th. TD Securities increased their price objective on Cogeco Communications from C$83.00 to C$87.00 and gave the stock a reduce rating in a research report on Monday, November 6th. Canaccord Genuity downgraded Cogeco Communications from a buy rating to a hold rating and increased their price objective for the stock from C$89.00 to C$93.00 in a research report on Monday, November 6th. Finally, BMO Capital Markets reiterated a market perform rating and issued a C$94.00 price objective on shares of Cogeco Communications in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of C$91.35.

Shares of Cogeco Communications (TSE:CCA) opened at C$82.54 on Monday. Cogeco Communications has a 12-month low of C$66.23 and a 12-month high of C$95.21. The stock has a market capitalization of $4,220.00, a price-to-earnings ratio of 13.69 and a beta of 0.71.

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Cogeco Communications Company Profile

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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