Cogeco Communications (CCA) to Release Quarterly Earnings on Wednesday
Cogeco Communications (TSE:CCA) will post its quarterly earnings results after the market closes on Wednesday, January 10th. Analysts expect Cogeco Communications to post earnings of C$1.52 per share for the quarter.
Shares of Cogeco Communications (TSE:CCA) opened at C$87.72 on Tuesday. The company has a market capitalization of $4,340.00, a PE ratio of 14.55 and a beta of 0.71. Cogeco Communications has a twelve month low of C$66.23 and a twelve month high of C$95.21.
A number of analysts have recently commented on the company. CIBC boosted their price target on Cogeco Communications from C$78.00 to C$93.00 in a report on Monday. TD Securities raised Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 target price on the stock in a research report on Thursday, December 21st. National Bank Financial lifted their target price on Cogeco Communications from C$92.00 to C$96.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Barclays lifted their target price on Cogeco Communications from C$80.00 to C$90.00 in a research report on Monday, November 6th. Finally, Canaccord Genuity downgraded Cogeco Communications from a “buy” rating to a “hold” rating and lifted their target price for the company from C$89.00 to C$93.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Cogeco Communications presently has a consensus rating of “Hold” and an average target price of C$91.35.
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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