BMO Capital Markets Boosts Cogeco Communications Inc (TSE:CCA) Price Target to C$84.00

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.

TRADEMARK VIOLATION NOTICE: “BMO Capital Markets Boosts Cogeco Communications Inc (TSE:CCA) Price Target to C$84.00” was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/08/05/cogeco-communications-inc-tsecca-given-new-c84-00-price-target-at-bmo-capital-markets-updated-updated.html.

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.

Analyst Recommendations for Cogeco Communications (TSE:CCA)




Receive News & Ratings for Cogeco Communications Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cogeco Communications Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

two × two =