Scotiabank Thinks Cogeco Commun’s Stock is Going to Recover

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Services sector company, Cogeco Commun (TSX: CCA). Analyst Jeff Fan from Scotiabank rated Cogeco Commun (TSX: CCA) a Buy, setting a C$93 price target.

Fan has an average return of 10.4% when recommending Cogeco Commun.

According to TipRanks.com, Fan is ranked #3594 out of 4771 analysts.

Cogeco Commun has an analyst consensus of Hold, with a price target consensus of C$81.60.

The company has a one-year high of C$95.21 and a one-year low of C$66.04. Currently, Cogeco Commun has an average volume of 71.78K.

Cogeco Communications, Inc. is a telecommunications company, which is a hybrid fibre coaxial cable operator in Ontario and Quebec. It provides cable television, high speed Internet, telephony, managed information technology and infrastructure and other telecommunications services.

The company’s shares closed on Monday at C$67.43, close to its 52-week low of C$66.04.