Scotiabank Has Lowered Expectations for Cogeco Communications (TSE:CCA) Stock Price

Cogeco Communications (TSE:CCA) had its target price cut by equities research analysts at Scotiabank from C$75.50 to C$75.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 14.33% from the stock’s current price. Scotiabank also issued estimates for Cogeco Communications’ FY2025 earnings at $8.01 EPS and FY2026 earnings at $7.83 EPS.

Several other research analysts have also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a “buy” rating in a report on Friday, April 11th. Desjardins upped their target price on Cogeco Communications from C$72.00 to C$74.00 in a research report on Thursday, July 10th. Royal Bank Of Canada lowered their price target on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday. Finally, National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the stock an “outperform” rating in a research note on Friday, June 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$77.44.

Cogeco Communications Stock Performance

Shares of CCA opened at C$65.60 on Thursday. The firm has a market capitalization of C$2.76 billion, a PE ratio of 7.94, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The firm has a 50-day moving average price of C$69.00 and a 200 day moving average price of C$66.79. Cogeco Communications has a 52-week low of C$59.10 and a 52-week high of C$75.09.

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.