Cogeco Communications (TSE:CCA) Price Target Raised to C$77.00

Cogeco Communications (TSE:CCA) had its price target upped by investment analysts at Canaccord Genuity Group from C$76.00 to C$77.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 23.14% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada increased their price target on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Scotiabank dropped their target price on Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating for the company in a report on Friday. Finally, CIBC cut their target price on Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Cogeco Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.10.

Cogeco Communications Trading Up 1.7 %

Shares of CCA stock opened at C$62.53 on Friday. The firm has a fifty day moving average of C$66.12 and a 200-day moving average of C$67.43. The stock has a market cap of C$2.63 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52-week low of C$50.82 and a 52-week high of C$75.09. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.