Cogeco Communications (TSE:CCA) had its target price upped by National Bank Financial from C$100.00 to C$107.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 3.79% from the stock’s current price. National Bank Financial also issued estimates for Cogeco Communications’ FY2020 earnings at $7.41 EPS.
Other research analysts have also issued reports about the company. Canaccord Genuity increased their price objective on Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets upgraded TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. Royal Bank of Canada increased their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a research report on Monday, June 24th. Finally, Desjardins lowered Cogeco Communications from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cogeco Communications has a consensus rating of “Buy” and an average price target of C$98.50.
Shares of Cogeco Communications stock opened at C$103.09 on Friday. The stock has a market capitalization of $5.12 billion and a price-to-earnings ratio of 14.77. Cogeco Communications has a fifty-two week low of C$61.68 and a fifty-two week high of C$107.00. The company has a quick ratio of 1.71, a current ratio of 1.80 and a debt-to-equity ratio of 136.92. The stock has a 50 day simple moving average of C$93.80.
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 and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, 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.
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