Cogeco Communications (TSE:CCA) Price Target Lowered to C$120.00 at National Bank Financial
Cogeco Communications (TSE:CCA) had its price target cut by National Bank Financial from C$132.00 to C$120.00 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
CCA has been the topic of several other reports. TD Securities upgraded Cogeco Communications from a hold rating to a buy rating and boosted their target price for the company from C$110.00 to C$115.00 in a research note on Wednesday, September 2nd. Scotiabank boosted their target price on Cogeco Communications from C$123.00 to C$124.00 in a research note on Friday, July 17th. CIBC increased their target price on Cogeco Communications from C$110.00 to C$111.00 in a research report on Friday, July 17th. Royal Bank of Canada upped their price target on Cogeco Communications from C$109.00 to C$117.00 and gave the stock a sector perform rating in a research note on Thursday, September 3rd. Finally, Canaccord Genuity increased their price target on Cogeco Communications from C$93.00 to C$96.00 in a report on Wednesday, June 3rd.
Shares of CCA opened at C$112.85 on Tuesday. The company has a debt-to-equity ratio of 130.19, a quick ratio of 1.04 and a current ratio of 1.09. The stock has a 50 day simple moving average of C$104.77 and a 200 day simple moving average of C$100.96. Cogeco Communications has a 52-week low of C$87.57 and a 52-week high of C$132.00. The firm has a market capitalization of $5.43 billion and a PE ratio of 14.89.
Cogeco Communications Company Profile
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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