Cogeco Communications Inc (CCA) Director Purchases C$23,004.00 in Stock
Cogeco Communications Inc (TSE:CCA) Director Lib Gibson purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average price of C$76.68 per share, with a total value of C$23,004.00.
Cogeco Communications Inc (TSE CCA) opened at C$76.20 on Thursday. The company has a market cap of $3,890.00, a price-to-earnings ratio of 12.70 and a beta of 0.71. Cogeco Communications Inc has a 1-year low of C$68.69 and a 1-year high of C$95.21.
Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.
A number of brokerages recently issued reports on CCA. CIBC dropped their price target on shares of Cogeco Communications from C$93.00 to C$90.00 in a research note on Sunday, January 14th. Barclays decreased their price objective on shares of Cogeco Communications from C$90.00 to C$86.00 in a report on Friday, January 12th. BMO Capital Markets decreased their price objective on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. National Bank Financial decreased their price objective on shares of Cogeco Communications from C$96.00 to C$88.00 and set a “sector perform” rating for the company in a report on Friday, January 12th. Finally, TD Securities lifted their price objective 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, January 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Cogeco Communications currently has an average rating of “Hold” and a consensus target price of C$88.95.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/cogeco-communications-inc-cca-director-purchases-c23004-00-in-stock/1836822.html.
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.
Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.