A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Cogeco Commun (CCA) received a Buy rating from Scotiabank’s analyst Jeff Fan, with a C$101 price target.
Fan has an average return of 16.5% when recommending Cogeco Commun.
According to TipRanks.com, Fan is ranked #934 out of 5244 analysts.
Cogeco Commun has an analyst consensus of Moderate Buy, with a price target consensus of C$88, implying a 1.1% upside from current levels. In a report released today, National Bank also maintained a Buy rating on the stock with a C$95 price target.
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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$87.05, close to its 52-week high of C$87.47.
