Cogeco Communications (TSE:CCA) PT Raised to C$102.00
Cogeco Communications (TSE:CCA) had its price target upped by Royal Bank of Canada from C$96.00 to C$102.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential downside of 1.06% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Cogeco Communications from C$95.00 to C$100.00 in a research note on Friday. Desjardins boosted their target price on shares of Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday. National Bank Financial boosted their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday. Finally, Canaccord Genuity boosted their target price on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$98.50.
Shares of TSE CCA opened at C$103.09 on Friday. Cogeco Communications has a 1-year low of C$61.68 and a 1-year high of C$107.00. The company has a market capitalization of $5.12 billion and a P/E ratio of 14.77. The company has a debt-to-equity ratio of 136.92, a quick ratio of 1.71 and a current ratio of 1.80. The business has a 50-day moving average of C$93.80.
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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