Cogeco Communications (TSE:CCA) Stock Rating Upgraded by Desjardins

Cogeco Communications (TSE:CCA) was upgraded by Desjardins to a “hold” rating in a report released on Wednesday,Zacks.com reports.

CCA has been the subject of several other reports. Scotiabank lifted their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday, January 12th. National Bankshares boosted their price target on shares of Cogeco Communications from C$66.00 to C$71.00 in a research report on Friday, January 16th. BMO Capital Markets decreased their price objective on Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. CIBC raised their target price on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Finally, TD Securities upped their price target on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$76.03.

Cogeco Communications Trading Up 0.2%

Shares of Cogeco Communications stock traded up C$0.10 on Wednesday, hitting C$65.42. 7,943 shares of the company traded hands, compared to its average volume of 167,067. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The company has a market cap of C$2.75 billion, a PE ratio of 8.95, a PEG ratio of 4.77 and a beta of 0.65. The stock’s 50 day moving average price is C$67.63 and its 200-day moving average price is C$65.73. Cogeco Communications has a 52 week low of C$59.10 and a 52 week high of C$74.39.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share for the quarter. The company had revenue of C$707.25 million during the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%. Equities research analysts predict that Cogeco Communications will post 8.4900498 EPS for the current year.

About Cogeco Communications

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.