Cogeco Communications (TSE:CCA) Price Target Cut to C$64.00

Posted by on Nov 5th, 2023

Cogeco Communications (TSE:CCA – Get Free Report) had its price objective reduced by investment analysts at BMO Capital Markets from C$75.00 to C$64.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 15.15% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group reduced their target price on Cogeco Communications from C$70.00 to C$65.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. National Bankshares cut their price target on shares of Cogeco Communications from C$67.00 to C$63.00 and set a “sector perform” rating on the stock in a report on Friday. Scotiabank cut their price target on shares of Cogeco Communications from C$75.50 to C$72.75 and set a “sector perform” rating on the stock in a report on Friday. CIBC lowered their price target on Cogeco Communications from C$75.00 to C$69.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Finally, TD Securities lowered their price target on Cogeco Communications from C$96.00 to C$87.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$71.25.

Read Our Latest Research Report on CCA

Cogeco Communications Trading Down 2.0 %

Shares of TSE CCA opened at C$55.58 on Friday. Cogeco Communications has a 12 month low of C$54.00 and a 12 month high of C$82.03. The company has a market cap of C$1.60 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 4.77 and a beta of 0.50. The company has a quick ratio of 0.49, a current ratio of 1.09 and a debt-to-equity ratio of 150.92. The business has a fifty day simple moving average of C$61.39 and a 200-day simple moving average of C$64.36.

Cogeco Communications Company Profile

(Get Free Report)

Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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