Cogeco Commun (CCA), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from National Bank’s analyst Adam Shine, with a C$95 price target.
According to TipRanks.com, Shine is a 3-star analyst with an average return of 1.9% and a 57.8% success rate. Shine covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogeco Commun with a C$88 average price target.
Based on Cogeco Commun’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of C$70.17 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$86.63, close to its 52-week high of C$87.47.
