CIBC Increases Cogeco Communications (TSE:CCA) Price Target to C$103.00
Cogeco Communications (TSE:CCA) had its price objective boosted by research analysts at CIBC from C$98.00 to C$103.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s price target would indicate a potential downside of 0.09% from the company’s current price.
A number of other brokerages also recently issued reports on CCA. National Bank Financial increased their price objective on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday. Desjardins increased their price objective on shares of Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday. Royal Bank of Canada reiterated a “hold” rating and set a $0.35 price objective on shares of DB Commodity Double Short ETN in a research note on Friday. Canaccord Genuity increased their price objective on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets increased their price objective on shares of Cogeco Communications from C$95.00 to C$100.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$98.50.
Shares of Cogeco Communications stock opened at C$103.09 on Friday. The firm has a market capitalization of $5.12 billion and a P/E ratio of 14.77. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71. Cogeco Communications has a 12-month low of C$61.68 and a 12-month high of C$107.00. The business’s 50-day moving average price is 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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