Cogeco Communications (CGEAF) Projected to Post Earnings on Wednesday

Cogeco Communications (OTCMKTS:CGEAF) is projected to announce its results before the market opens on Wednesday, January 14th. Analysts expect the company to announce earnings of $1.41 per share and revenue of $508.94 million for the quarter.

Cogeco Communications Price Performance

CGEAF stock opened at $48.80 on Monday. The company’s 50-day moving average price is $47.22 and its 200 day moving average price is $47.28. Cogeco Communications has a 52 week low of $40.68 and a 52 week high of $53.20.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CGEAF. Scotiabank restated a “sector perform” rating on shares of Cogeco Communications in a report on Monday, October 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Cogeco Communications in a research report on Friday, October 31st. National Bankshares restated a “sector perform” rating on shares of Cogeco Communications in a research report on Friday, October 31st. Finally, TD Securities reaffirmed a “buy” rating on shares of Cogeco Communications in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Cogeco Communications

Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.

Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.