The Services sector company, Cogeco Commun (CCA), has received a rating update from a Wall Street analyst yesterday. The company received a Buy rating from Scotiabank’s analyst Jeff Fan, with a C$98 price target.
Fan has an average return of 11.7% when recommending Cogeco Commun.
According to TipRanks.com, Fan is ranked #1446 out of 5220 analysts.
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Cogeco Commun has an analyst consensus of Moderate Buy, with a price target consensus of C$85.60, which is a 4.7% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$86 price target.
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Cogeco Commun’s market cap is currently C$4.04B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.97.
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 Wednesday at C$81.76.
