Cogeco Commun (CCA) Receives a Buy from National Bank

By Jason Carr

Cogeco Commun (CCAResearch Report), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Adam Shine from National Bank rated Cogeco Commun (CCAResearch Report) a Buy, setting a C$107 price target.

Shine has an average return of 30.0% when recommending Cogeco Commun.

According to TipRanks.com, Shine is ranked #1556 out of 5238 analysts.

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, Canaccord Genuity also maintained a Buy rating on the stock with a C$104 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$104.56.