Cogeco Communications Inc (CCA) Given Consensus Recommendation of “Buy” by Analysts

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Shares of Cogeco Communications Inc (TSE:CCA) have received an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$82.89.

A number of research analysts have issued reports on CCA shares. National Bank Financial upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$83.00 to C$77.00 in a research note on Friday, July 6th. TD Securities lifted their price objective on Cogeco Communications from C$89.00 to C$90.00 and gave the company a “buy” rating in a research note on Saturday, July 14th. Desjardins lowered their price objective on Cogeco Communications from C$87.00 to C$82.00 and set a “hold” rating for the company in a research note on Saturday, July 14th. Barclays lifted their target price on Cogeco Communications from C$70.00 to C$72.00 in a report on Saturday, July 14th. Finally, Royal Bank of Canada reduced their target price on Cogeco Communications from C$84.00 to C$82.00 and set a “sector perform” rating for the company in a report on Saturday, July 14th.

In other Cogeco Communications news, Director Mary-Ann Bell bought 750 shares of Cogeco Communications stock in a transaction on Monday, July 23rd. The stock was acquired at an average price of C$69.55 per share, with a total value of C$52,162.50. Also, Director Louis Audet sold 700 shares of Cogeco Communications stock in a transaction on Friday, August 31st. The stock was sold at an average price of C$65.00, for a total value of C$45,500.00.

TSE:CCA traded up C$2.02 during trading hours on Monday, reaching C$69.35. 108,400 shares of the company traded hands, compared to its average volume of 74,747. Cogeco Communications has a 1 year low of C$62.81 and a 1 year high of C$94.66.

About Cogeco Communications

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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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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