Cogeco Communications (TSE:CCA) Stock Price Expected to Rise, TD Securities Analyst Says

Cogeco Communications (TSE:CCA) had its price target upped by equities researchers at TD Securities from C$85.00 to C$89.00 in a report released on Monday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 25.81% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$64.00 to C$80.00 in a report on Friday, September 20th. Desjardins boosted their target price on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a “hold” rating in a report on Monday, July 15th. BMO Capital Markets raised their price target on shares of Cogeco Communications from C$65.00 to C$70.00 in a report on Thursday, September 5th. Finally, Bank of America upgraded shares of Cogeco Communications from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$75.50.

Cogeco Communications Stock Up 1.1 %

Shares of TSE:CCA opened at C$70.74 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 4.77 and a beta of 0.59. The stock’s 50-day moving average price is C$68.15 and its two-hundred day moving average price is C$60.63. Cogeco Communications has a 12-month low of C$50.78 and a 12-month high of C$72.40.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.