A Reversal for Cogeco Communications Inc Is Not Near. The Stock Declines Again

 A Reversal for Cogeco Communications Inc Is Not Near. The Stock Declines Again

The stock of Cogeco Communications Inc (TSE:CCA) is a huge mover today! About 27,938 shares traded hands. Cogeco Communications Inc (TSE:CCA) has declined 9.88% since April 1, 2016 and is downtrending. It has underperformed by 11.83% the S&P500.
The move comes after 9 months negative chart setup for the $2.07 billion company. It was reported on Nov, 7 by Barchart.com. We have $57.65 PT which if reached, will make TSE:CCA worth $144.90 million less.

Cogeco Communications Inc (TSE:CCA) Ratings Coverage

Out of 6 analysts covering Cogeco Cable Inc. (TSE:CCA), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $81 is the highest target while $65 is the lowest. The $71.89 average target is 15.97% above today’s ($61.99) stock price. Cogeco Cable Inc. has been the topic of 20 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Desjardins Securities upgraded Cogeco Communications Inc (TSE:CCA) on Tuesday, January 12 to “Buy” rating. On Tuesday, January 19 the stock rating was upgraded by TD Securities to “Buy”. Desjardins Securities maintained Cogeco Communications Inc (TSE:CCA) rating on Friday, July 8. Desjardins Securities has “Buy” rating and $72 price target. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, July 8. RBC Capital Markets maintained it with “Outperform” rating and $78 target price in Wednesday, January 13 report. The stock of Cogeco Communications Inc (TSE:CCA) earned “Focus List” rating by Canaccord Genuity on Monday, October 26. The firm has “Outperform” rating by Scotia Capital given on Friday, November 4.

More notable recent Cogeco Communications Inc (TSE:CCA) news were published by: Seekingalpha.com which released: “Cogeco Communications’ (CGEAF) CEO Louis Audet on Q4 2016 Results – Earnings …” on November 06, 2016, also Marketwired.com with their article: “Cogeco Communications Inc. Releases Its Results for the Fourth Quarter of …” published on November 03, 2016, Marketwired.com published: “Cogeco Communications Inc. Announces an Internal Leadership Succession at …” on August 12, 2016. More interesting news about Cogeco Communications Inc (TSE:CCA) were released by: Marketwired.com and their article: “Cogeco Inc. and Cogeco Communications Inc. Announce the Appointment of Luc …” published on August 22, 2016 as well as Theglobeandmail.com‘s news article titled: “The Globe and Mail” with publication date: March 21, 2011.

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada telecommunications company. The company has a market cap of $2.07 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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