Cogeco Commun (CCA) Receives a Sell from Barclays


A Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Phillip Huang from Barclays rated Cogeco Commun (CCA) a Sell, setting a C$92 price target.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 10.7% and a 82.2% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.

Currently, the analyst consensus on Cogeco Commun is a Moderate Buy with an average price target of C$94.

Based on Cogeco Commun’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of C$76.35 million. In comparison, last year the company had a net profit of C$139 million.

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$88.90, close to its 52-week high of C$92.33.

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