The stock of Cogeco Communications Inc (TSE:CCA) is a huge mover today! About 38,949 shares traded hands. Cogeco Communications Inc (TSE:CCA) has declined 10.91% since March 30, 2016 and is downtrending. It has underperformed by 12.13% the S&P500.
The move comes after 7 months positive chart setup for the $2.11B company. It was reported on Nov, 3 by Barchart.com. We have $79.35 PT which if reached, will make TSE:CCA worth $548.60 million more.
Cogeco Communications Inc (TSE:CCA) Ratings Coverage
Out of 7 analysts covering Cogeco Cable Inc. (TSE:CCA), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $81 is the highest target while $65 is the lowest. The $72 average target is 14.32% above today’s ($62.98) stock price. Cogeco Cable Inc. has been the topic of 16 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, January 13 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, January 12 by Desjardins Securities. The rating was maintained by BMO Capital Markets on Friday, July 8 with “Market Perform”. The firm has “Buy” rating given on Tuesday, January 19 by TD Securities. The company was upgraded on Monday, October 26 by Canaccord Genuity. The firm earned “Buy” rating on Friday, July 8 by Desjardins Securities.
More notable recent Cogeco Communications Inc (TSE:CCA) news were published by: Marketwired.com which released: “Cogeco Communications Inc. Releases Its Results for the Fourth Quarter of …” on November 03, 2016, also Marketwired.com with their article: “Cogeco Communications Inc. Announces an Internal Leadership Succession at …” published on August 12, 2016, Marketwired.com published: “Cogeco Inc. and Cogeco Communications Inc. Announce the Appointment of Luc …” on August 22, 2016. More interesting news about Cogeco Communications Inc (TSE:CCA) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on March 21, 2011 as well as Marketwired.com‘s news article titled: “Cogeco Communications Inc. Releases its Results for the Third Quarter of …” with publication date: July 06, 2016.
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada telecommunications company. The company has a market cap of $2.11 billion. It operates into three divisions: Canadian cable services, American cable services and Enterprise data services. It currently has negative earnings. The Canadian and American cable services divisions provide a wide range of Television, High Speed Internet and Telephony services primarily to residential customers.
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