Cogeco Commun (CCA) has received a rating update from a Wall Street analyst today. Analyst Maher Yaghi from Desjardins remains bullish on the stock and has a C$90 price target.
According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 8.0% and a 77.2% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogeco Commun with a C$90.57 average price target, a 3.4% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$95 price target.
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The company has a one-year high of C$87.47 and a one-year low of C$61.68. Currently, Cogeco Commun has an average volume of 89.31K.
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 Friday at C$87.60.
