Cogeco Commun (CCA) Gets a Hold Rating from BMO Capital

By Ryan Adsit

The Services sector company, Cogeco Commun (CCAResearch Report), has received a rating update from a Wall Street analyst today. Analyst Tim Casey from BMO Capital remains neutral on the stock and has a C$100 price target.

According to TipRanks.com, Casey is a 4-star analyst with an average return of 8.2% and a 73.0% success rate. Casey covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and The Stars Group Inc.

Cogeco Commun has an analyst consensus of Moderate Buy, with a price target consensus of C$103.25, which is a -1.2% downside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a C$102 price target.

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The company has a one-year high of C$99.60 and a one-year low of C$61.68. Currently, Cogeco Commun has an average volume of 77.47K.

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 Friday at C$104.51.