National Bankshares Raises Cogeco Communications (TSE:CCA) Price Target to C$71.00

Cogeco Communications (TSE:CCA) had its price objective increased by investment analysts at National Bankshares from C$66.00 to C$71.00 in a note issued to investors on Friday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential downside of 3.65% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reduced their target price on Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. Scotiabank raised their price objective on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research note on Monday. TD Securities boosted their price objective on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a report on Friday. CIBC reduced their price target on shares of Cogeco Communications from C$71.00 to C$68.00 in a research report on Friday, October 17th. Finally, Desjardins set a C$71.00 target price on Cogeco Communications and gave the stock a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Cogeco Communications currently has an average rating of “Hold” and a consensus target price of C$76.03.

Cogeco Communications Stock Performance

Shares of Cogeco Communications stock traded up C$2.83 on Friday, reaching C$73.69. 194,603 shares of the stock were exchanged, compared to its average volume of 106,171. 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 business has a fifty day moving average price of C$66.68 and a two-hundred day moving average price of C$65.87. Cogeco Communications has a 1-year low of C$59.10 and a 1-year high of C$74.04. The firm has a market capitalization of C$3.09 billion, a PE ratio of 10.08, a PEG ratio of 4.77 and a beta of 0.65.

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

Cogeco Communications Company Profile

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.