RBC Capital Keeps a Hold Rating on Cogeco Commun (CCA)


Today, an analyst has provided a rating update for the Services sector company, Cogeco Commun (CCA). RBC Capital’s analyst Drew Mcreynolds reiterates their Hold rating on the shares, with a C$90 price target.

According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 3.6% and a 53.6% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Shaw Communications Inc, Points International, and Thomson Reuters Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogeco Commun with a C$90.71 average price target.

Cogeco Commun’s market cap is currently C$4.32B and has a P/E ratio of 12.6. The company has a Price to Book ratio of 2.10.

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 Tuesday at C$86.01, close to its 52-week high of C$88.

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