Cogeco Communications (TSE:CCA) Given New C$96.00 Price Target at Canaccord Genuity

Cogeco Communications (TSE:CCA) had its price target reduced by Canaccord Genuity from C$116.00 to C$96.00 in a research report released on Wednesday, BayStreet.CA reports.

Several other research firms have also weighed in on CCA. Royal Bank of Canada lowered their price objective on shares of Cogeco Communications from C$112.00 to C$106.00 in a research note on Wednesday, March 18th. TD Securities lifted their price objective on shares of Cogeco Communications from C$110.00 to C$120.00 and gave the company a hold rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$107.50.

Shares of TSE:CCA traded down C$1.80 during mid-day trading on Wednesday, hitting C$89.96. The company had a trading volume of 155,683 shares, compared to its average volume of 177,829. The firm has a fifty day moving average price of C$104.72 and a 200 day moving average price of C$109.20. The company has a market capitalization of $4.70 billion and a PE ratio of 10.43. The company has a debt-to-equity ratio of 131.93, a current ratio of 1.28 and a quick ratio of 1.22. Cogeco Communications has a one year low of C$84.32 and a one year high of C$120.20.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Tuesday, January 14th. The company reported C$1.70 earnings per share for the quarter. The company had revenue of C$586.83 million during the quarter. Research analysts expect that Cogeco Communications will post 7.9000005 earnings per share for the current fiscal year.

About Cogeco Communications

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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