Cogeco Communications (TSE:CCA) Upgraded to Strong-Buy by National Bank Financial

Cogeco Communications (TSE:CCA) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks.com reports.

A number of other equities research analysts also recently issued reports on CCA. BMO Capital Markets boosted their target price on shares of Cogeco Communications from C$65.00 to C$70.00 in a report on Thursday, September 5th. TD Securities boosted their price objective on shares of Cogeco Communications from C$80.00 to C$85.00 and gave the company a “buy” rating in a research note on Monday, July 15th. National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$64.00 to C$80.00 in a report on Friday. Royal Bank of Canada lifted their target price on Cogeco Communications from C$73.00 to C$76.00 and gave the company a “sector perform” rating in a report on Monday, July 15th. Finally, Desjardins boosted their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.28.

Cogeco Communications Stock Performance

TSE CCA opened at C$68.12 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$68.98. The business has a fifty day moving average of C$64.23 and a 200-day moving average of C$58.59. The stock has a market cap of C$2.04 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 4.77 and a beta of 0.57.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$2.45 EPS for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.72. The business had revenue of C$750.58 million during the quarter, compared to the consensus estimate of C$751.50 million. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. As a group, analysts predict that Cogeco Communications will post 8.2156863 earnings per share for the current fiscal year.

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.