BMO Capital Markets Issues Positive Forecast for Cogeco Communications (TSE:CCA) Stock Price

Cogeco Communications (TSE:CCA - Get Free Report) had its target price boosted by equities research analysts at BMO Capital Markets from C$70.00 to C$80.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets' price target would indicate a potential upside of 14.38% from the stock's current price.

CCA has been the subject of several other reports. National Bank Financial upgraded Cogeco Communications from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 19th. Canaccord Genuity Group upgraded Cogeco Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from C$65.00 to C$77.00 in a research report on Monday. Bank of America raised shares of Cogeco Communications from an "underperform" rating to a "buy" rating and upped their price objective for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. TD Securities raised their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. Finally, Royal Bank of Canada increased their price target on shares of Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Cogeco Communications currently has an average rating of "Moderate Buy" and an average price target of C$75.50.

Cogeco Communications Trading Up 1.0 %

Shares of Cogeco Communications stock traded up C$0.69 during mid-day trading on Monday, hitting C$69.94. 114,114 shares of the stock were exchanged, compared to its average volume of 76,654. The company has a 50-day simple moving average of C$67.92 and a 200 day simple moving average of C$60.46. 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 stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. Cogeco Communications has a twelve month low of C$50.78 and a twelve month high of C$72.40.

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.