Cogeco Communications Inc. (TSE:CCA) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$71.61.

Several analysts have recently commented on the stock. BMO Capital Markets increased 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 target price on Cogeco Communications from C$80.00 to C$85.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Royal Bank of Canada upped their target price on Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Desjardins lifted their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a "hold" rating in a report on Monday, July 15th. Finally, National Bankshares upgraded Cogeco Communications from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th.

Cogeco Communications Stock Down 1.3 %

Shares of Cogeco Communications stock traded down C$0.94 during trading hours on Monday, reaching C$70.57. The company's stock had a trading volume of 75,133 shares, compared to its average volume of 76,883. The company has a market capitalization of C$2.12 billion, a P/E ratio of 9.00, a P/E/G ratio of 4.77 and a beta of 0.59. The stock's fifty day simple moving average is C$67.43 and its two-hundred day simple moving average is C$60.06. Cogeco Communications has a one year low of C$50.78 and a one year high of C$72.40. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41.

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.