TD Securities Upgrades Cogeco Communications (CCA) to “Hold”
Cogeco Communications (TSE:CCA) was upgraded by equities researchers at TD Securities from a “reduce” rating to a “hold” rating in a research report issued on Thursday. The brokerage currently has a C$87.00 target price on the stock. TD Securities’ price objective would indicate a potential downside of 0.07% from the stock’s previous close.
A number of other analysts also recently issued reports on CCA. BMO Capital Markets restated a “market perform” rating and set a C$94.00 price target on shares of Cogeco Communications in a report on Monday, November 6th. Canaccord Genuity downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating and raised their price target for the stock from C$89.00 to C$93.00 in a report on Monday, November 6th. Scotiabank restated an “outperform” rating and set a C$102.00 price target on shares of Cogeco Communications in a report on Monday, November 6th. National Bank Financial increased their price objective on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. Finally, Macquarie cut shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price objective for the company. in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$91.17.
Cogeco Communications (CCA) traded down C$1.51 during mid-day trading on Thursday, reaching C$87.06. 72,979 shares of the company’s stock were exchanged, compared to its average volume of 72,017. Cogeco Communications has a 12 month low of C$65.07 and a 12 month high of C$95.21.
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Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.
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