Cogeco Communications (TSE:CCA) PT Raised to C$79.00

Cogeco Communications (TSE:CCA) had its price target raised by Royal Bank of Canada from C$76.00 to C$79.00 in a research report report published on Thursday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on CCA. TD Securities increased their target price on shares of Cogeco Communications from C$80.00 to C$85.00 and gave the stock a buy rating in a report on Monday, July 15th. National Bank Financial upgraded shares of Cogeco Communications from a hold rating to a strong-buy rating in a report on Thursday, September 19th. Desjardins increased their price target on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the company a hold rating in a research report on Monday, July 15th. Bank of America raised shares of Cogeco Communications from an underperform rating to a buy rating and increased their price target for the company from C$60.00 to C$65.00 in a research report on Wednesday, July 17th. Finally, BMO Capital Markets increased their price target on shares of Cogeco Communications from C$65.00 to C$70.00 in a research report on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$71.61.

Cogeco Communications Stock Up 0.6 %

Shares of Cogeco Communications stock opened at C$68.43 on Thursday. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$71.69. The firm’s 50-day moving average is C$66.36 and its two-hundred day moving average is C$59.43. The stock has a market cap of C$2.05 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 4.77 and a beta of 0.59.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, July 11th. The company reported C$2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.73 by C$0.72. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. The company had revenue of C$750.58 million for the quarter, compared to analysts’ expectations of C$751.50 million. As a group, research analysts expect that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

About Cogeco Communications

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.