Cogeco Communications (TSE:CCA) Rating Increased to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Cogeco Communications (TSE:CCA) from a hold rating to a buy rating in a research report sent to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group currently has C$77.00 price objective on the stock, up from their previous price objective of C$65.00.

A number of other brokerages have also commented on CCA. Royal Bank of Canada upped their target price on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Desjardins increased their price objective on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research note on Monday, July 15th. National Bankshares upgraded shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$64.00 to C$80.00 in a research report on Friday, September 20th. TD Securities increased their price target on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. Finally, BMO Capital Markets lifted their price objective on Cogeco Communications from C$65.00 to C$70.00 in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cogeco Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.50.

Cogeco Communications Trading Up 1.0 %

Cogeco Communications stock opened at C$69.94 on Monday. The business has a 50 day moving average price of C$68.03 and a two-hundred day moving average price of C$60.55. 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 12 month low of C$50.78 and a 12 month high of C$72.40. The stock has a market cap of C$2.10 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Company Profile

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.