Cogeco Communications Inc (TSE:CCA) had its target price boosted by investment analysts at BMO Capital Markets from C$82.00 to C$84.00 in a research note issued on Monday, July 17th. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 4.27% from the stock’s previous close.
Several other equities analysts also recently commented on CCA. TD Securities upped their price objective on shares of Cogeco Communications from C$78.00 to C$80.00 and gave the company a “hold” rating in a research note on Monday, April 10th. Barclays PLC upped their price objective on shares of Cogeco Communications from C$75.00 to C$80.00 in a research note on Monday, July 17th. Desjardins downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating and upped their price objective for the company from C$79.00 to C$87.50 in a research note on Tuesday, July 11th. Royal Bank Of Canada increased their price target on shares of Cogeco Communications from C$76.00 to C$81.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 11th. Finally, Scotiabank increased their price target on shares of Cogeco Communications from C$83.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$82.50.
Shares of Cogeco Communications (TSE:CCA) traded up 1.52% during trading on Monday, reaching $87.75. The company’s stock had a trading volume of 137,494 shares. The company has a market cap of $4.32 billion and a PE ratio of 14.35. The firm’s 50-day moving average is $82.22 and its 200 day moving average is $76.35. Cogeco Communications has a 52-week low of $60.62 and a 52-week high of $88.55.
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In other news, insider Elizabeth Alves sold 996 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of C$87.05, for a total transaction of C$86,701.80. Also, insider René Guimond sold 900 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00. In the last quarter, insiders have sold 1,996 shares of company stock worth $173,884.
Cogeco Communications Company Profile
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 video services and programming, such as basic services, pay and discretionary services, On-demand services, high definition television, and advanced video services; Internet services; and telephony services to residential customers.
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