Cogeco Communications Inc (CCA) Receives Average Recommendation of “Hold” from Analysts

Cogeco Communications Inc (TSE:CCA) has received an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$89.25.

A number of equities analysts recently weighed in on the stock. CIBC boosted their target price on shares of Cogeco Communications from C$78.00 to C$93.00 in a report on Monday, January 8th. TD Securities boosted their target price on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday. Barclays lowered their target price on shares of Cogeco Communications from C$90.00 to C$86.00 in a report on Friday. Finally, Scotiabank decreased their price objective on shares of Cogeco Communications from C$103.00 to C$95.00 and set an “outperform” rating on the stock in a report on Friday.

Cogeco Communications (TSE:CCA) opened at C$80.51 on Friday. The firm has a market cap of $3,990.00, a price-to-earnings ratio of 13.31 and a beta of 0.71. Cogeco Communications has a fifty-two week low of C$66.99 and a fifty-two week high of C$95.21.

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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.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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