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Cogeco Communications (CCA) Stock Forecast & Price Target

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Cogeco Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
5
Buy
6

Consensus Price Target

C$75.50
N/A
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CCA Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$75.50C$71.61C$68.83C$70.81
Forecasted UpsideN/A0.92% Upside5.54% Upside36.45% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold

CCA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CCA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cogeco Communications Stock vs. The Competition

TypeCogeco CommunicationsCommunication Services Companies
Consensus Rating Score
2.64
2.67
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Positive News

See Recent CCA News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/4/2024BMO Capital Markets
4 of 5 stars
 Boost TargetC$70.00 ➝ C$80.00+13.36%
11/4/2024Canaccord Genuity Group
4 of 5 stars
A. Galappatthige
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UpgradeHold ➝ BuyC$65.00 ➝ C$77.00+9.11%
11/4/2024Scotiabank
5 of 5 stars
 Boost TargetC$73.50 ➝ C$77.50+9.82%
11/4/2024TD Securities
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 Boost TargetC$85.00 ➝ C$89.00+26.12%
10/10/2024Royal Bank of Canada
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 Boost TargetC$76.00 ➝ C$79.00+15.75%
9/20/2024National Bankshares
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 UpgradeSector Perform ➝ OutperformC$64.00 ➝ C$80.00+17.35%
9/19/2024National Bank Financial
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A. Shine
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UpgradeHold ➝ Strong-Buy
7/17/2024Bank of America
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 UpgradeUnderperform ➝ BuyC$60.00 ➝ C$65.00+6.77%
7/15/2024Desjardins
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 Boost TargetHoldC$64.00 ➝ C$69.00+24.32%
12/18/2023CIBC
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 Lower TargetNeutralC$65.00 ➝ C$63.00+18.87%
12/13/2023Veritas Investment Research
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 Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:43 AM ET.


CCA Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cogeco Communications is C$75.50, with a high forecast of C$89.00 and a low forecast of C$63.00.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last twelve months. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CCA shares.

According to analysts, Cogeco Communications's stock has a predicted upside of ∞ based on their 12-month stock forecasts.

Over the previous 90 days, Cogeco Communications's stock had 3 upgrades by analysts.

Cogeco Communications has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

Analysts like Cogeco Communications less than other "communication services" companies. The consensus rating score for Cogeco Communications is 2.64 while the average consensus rating score for "communication services" companies is 2.67. Learn more on how CCA compares to other companies.


This page (TSE:CCA) was last updated on 11/21/2024 by MarketBeat.com Staff
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