A number of other brokerages have also recently issued reports on CCA. CIBC cut their target price on Cogeco Communications from C$90.00 to C$85.00 in a report on Monday, April 16th. TD Securities raised Cogeco Communications from a “hold” rating to a “buy” rating and set a C$89.00 price target for the company in a research report on Tuesday, March 6th. Barclays lowered their price target on Cogeco Communications from C$90.00 to C$86.00 in a research report on Friday, January 12th. Royal Bank of Canada decreased their target price on Cogeco Communications from C$86.00 to C$84.00 and set a “sector perform” rating for the company in a research report on Monday, April 16th. Finally, National Bank Financial decreased their target price on Cogeco Communications from C$96.00 to C$88.00 and set a “sector perform” rating for the company in a research report on Friday, January 12th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$84.40.
Cogeco Communications (TSE:CCA) had its target price reduced by stock analysts at Canaccord Genuity from C$85.00 to C$73.00 in a report released on Monday, April 16th. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 5.90% from the stock’s current price.
Cogeco Communications stock opened at C$68.93 on Monday. Cogeco Communications has a 1 year low of C$66.04 and a 1 year high of C$95.21.
Cogeco Communications (TSE:CCA) last announced its earnings results on Thursday, April 12th. The company reported C$1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.43 by C$0.08. The business had revenue of C$598.94 million for the quarter, compared to analysts’ expectations of C$583.00 million. Cogeco Communications had a return on equity of 18.83% and a net margin of 13.81%.
In related news, insider Ken Smithard sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was sold at an average price of C$67.94, for a total transaction of C$74,734.00.
About Cogeco Communications
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 services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, 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.