Cogeco Commun (CCA) Receives a Hold from RBC Capital

By Jason Carr

A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Cogeco Commun (CCAResearch Report) received a Hold rating from RBC Capital’s analyst Drew Mcreynolds, with a C$102 price target.

According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 2.2% and a 53.3% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Yellow Media, and Cineplex.

Cogeco Commun has an analyst consensus of Moderate Buy, with a price target consensus of C$103.25, representing a -1.2% downside. In a report released today, BMO Capital also maintained a Hold rating on the stock with a C$100 price target.

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Cogeco Commun’s market cap is currently C$4.89B and has a P/E ratio of 16.8. The company has a Price to Book ratio of 2.34.

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.