Cogeco Communications Inc (CCA) Receives Average Rating of “Hold” from Brokerages

Cogeco Communications Inc (TSE:CCA) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$89.25.

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of Cogeco Communications from C$80.00 to C$90.00 in a research note on Monday, November 6th. CIBC lifted their price target on shares of Cogeco Communications from C$78.00 to C$93.00 in a research note on Monday, January 8th. BMO Capital Markets cut their price target on shares of Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday. TD Securities lifted their price target on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the company a “hold” rating in a research note on Friday. Finally, Canaccord Genuity lowered shares of Cogeco Communications from a “buy” rating to a “hold” rating and lifted their price target for the company from C$89.00 to C$93.00 in a research note on Monday, November 6th.

Cogeco Communications (TSE:CCA) opened at C$80.51 on Friday. Cogeco Communications has a one year low of C$66.99 and a one year high of C$95.21. The firm has a market cap of $3,990.00, a P/E ratio of 13.31 and a beta of 0.71.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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