Cogeco Communications (TSE:CCA) Stock Gets Price Target Trim from TD

Cogeco Communications (TSE:CCA) had its price target dropped by TD from C$83.00 to C$81.00 in a report issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price target would indicate a potential upside of 52.20% from the company’s previous close.

CCA has been the topic of a number of other research reports. Canaccord Genuity Group reduced their price target on Cogeco Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday. National Bank Financial dropped their price objective on Cogeco Communications from C$69.00 to C$53.00 and set a “sector perform” rating for the company in a report on Friday. Canadian Imperial Bank of Commerce cut their price objective on Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Royal Bank Of Canada reduced their target price on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a research note on Friday, July 10th. Finally, Desjardins decreased their target price on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$65.55.

Cogeco Communications Trading Down 0.1%

Cogeco Communications stock traded down C$0.06 during trading hours on Friday, reaching C$53.22. The stock had a trading volume of 184,814 shares, compared to its average volume of 186,616. The company has a fifty day simple moving average of C$55.54 and a 200-day simple moving average of C$63.41. Cogeco Communications has a 52 week low of C$48.18 and a 52 week high of C$77.40. The stock has a market cap of C$2.24 billion, a PE ratio of -2.01, a PEG ratio of 4.77 and a beta of 1.08. The company has a debt-to-equity ratio of 241.79, a current ratio of 0.47 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$2.05 EPS for the quarter. The firm had revenue of C$695.49 million during the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Analysts forecast that Cogeco Communications will post 8.49 EPS for the current fiscal year.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.