Cogeco Commun (CCA), the Services sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Aravinda Galappatthige, with a C$86 price target.
According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -0.6% and a 55.1% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and IMAX Corp.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogeco Commun with a C$80.80 average price target.
Cogeco Commun’s market cap is currently C$3.71B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.80.
Cogeco Communications, Inc. is a telecommunications company, which engages in operating hybrid fibre coaxial cable in Ontario and Quebec. The company operates through the following three segments: Canadian Broadband Services, American Broadband Services and Business ICT Services.
The company’s shares closed on Wednesday at C$81.76.
