Cogeco Communications (TSE:CCA) had its target price upped by Echelon Wealth Partners from C$98.00 to C$106.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Echelon Wealth Partners’ target price suggests a potential upside of 1.37% from the stock’s previous close.

CCA has been the topic of a number of other research reports. Desjardins lifted their price target on shares of Cogeco Communications from C$96.00 to C$99.00 in a report on Friday, July 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $0.35 price target on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. BMO Capital Markets lifted their price target on shares of Cogeco Communications from C$95.00 to C$100.00 in a report on Friday, July 12th. National Bank Financial lifted their price target on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Canaccord Genuity lifted their price target on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cogeco Communications has an average rating of “Buy” and a consensus target price of C$99.33.

Shares of TSE CCA opened at C$104.57 on Tuesday. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$107.22. The business has a 50 day simple moving average of C$95.11. The stock has a market cap of $5.26 billion and a P/E ratio of 14.98. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71.

In other Cogeco Communications news, Director Louis Audet sold 15,028 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of C$104.60, for a total transaction of C$1,571,928.80. Following the sale, the director now owns 90,980 shares of the company’s stock, valued at approximately C$9,516,508. Also, Senior Officer Pierre Maheux sold 274 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of C$105.35, for a total transaction of C$28,865.90. Following the sale, the insider now directly owns 1,934 shares in the company, valued at approximately C$203,746.90.

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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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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