Cogeco Communications (TSE:CCA) had its price objective dropped by research analysts at Canaccord Genuity from C$85.00 to C$73.00 in a research note issued on Monday. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 8.39% from the company’s previous close.
Several other brokerages have also recently issued reports on CCA. TD Securities raised shares of Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 target price on the stock in a research note on Thursday, December 21st. Scotiabank lowered their target price on shares of Cogeco Communications from C$103.00 to C$95.00 and set an “outperform” rating on the stock in a research note on Friday, January 12th. BMO Capital Markets lowered their target price on shares of Cogeco Communications from C$94.00 to C$90.00 in a research note on Friday, January 12th. National Bank Financial lowered their target price on shares of Cogeco Communications from C$96.00 to C$88.00 and set a “sector perform” rating on the stock in a research note on Friday, January 12th. Finally, Barclays lowered their target price on shares of Cogeco Communications from C$90.00 to C$86.00 in a research note on Friday, January 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$84.60.
Cogeco Communications stock traded up C$0.80 during trading on Monday, reaching C$67.35. The company had a trading volume of 27,481 shares, compared to its average volume of 72,458. Cogeco Communications has a 1-year low of C$66.04 and a 1-year high of C$95.21.
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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 digital video services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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