Analysts seem to be feeling optimistic about Cogeco Commun (CCA) lately, with several positive ratings in a row that it received in the past month alone. Analyst Adam Shine from National Bank rated Cogeco Commun (CCA) a Buy today, setting a C$90 price target.
According to TipRanks.com, Shine is a 4-star analyst with an average return of 7.1% and a 72.3% success rate. Shine covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogeco Commun with a C$87.43 average price target, representing a 6.8% upside. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$86 price target.
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Cogeco Commun’s market cap is currently C$4.04B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.97.
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 Thursday at C$81.87.
