Cogeco Communications (TSE:CCA) had its price objective hoisted by Canaccord Genuity from C$97.00 to C$104.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently weighed in on CCA. Desjardins downgraded Cogeco Communications from a buy rating to a hold rating in a report on Thursday, April 11th. BMO Capital Markets raised TMAC Resources from a market perform rating to an outperform rating in a 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 company an outperform rating in a report on Monday, June 24th. Finally, National Bank Financial increased their price target on Roots from C$6.00 to C$6.50 and gave the stock an outperform rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$98.50.
CCA stock opened at C$105.78 on Friday. The firm has a market capitalization of $5.12 billion and a P/E ratio of 15.15. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$107.00. The company has a 50 day moving average price of C$94.55. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71.
In related news, Senior Officer Pierre Maheux sold 274 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of C$105.35, for a total transaction of C$28,865.90. Following the completion of the sale, the insider now directly owns 1,934 shares of the company’s stock, valued at C$203,746.90.
About Cogeco Communications
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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