Cogeco Communications (TSE:CCA) Stock Price Passes Above 200 Day Moving Average of $101.21

Cogeco Communications Inc (TSE:CCA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $101.21 and traded as high as $110.40. Cogeco Communications shares last traded at $109.19, with a volume of 62,497 shares traded. […]

Cogeco Communications Inc (TSE:CCA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $101.21 and traded as high as $110.40. Cogeco Communications shares last traded at $109.19, with a volume of 62,497 shares traded.

CCA has been the subject of several recent research reports. Canaccord Genuity increased their price objective on shares of Cogeco Communications from C$93.00 to C$96.00 in a research report on Wednesday, June 3rd. Scotiabank raised their price target on shares of Cogeco Communications from C$123.00 to C$124.00 in a report on Friday, July 17th. CIBC raised their price target on shares of Cogeco Communications from C$110.00 to C$111.00 in a report on Friday, July 17th. National Bank Financial lowered their price target on shares of Cogeco Communications from C$132.00 to C$120.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Finally, TD Securities raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and raised their price target for the company from C$110.00 to C$115.00 in a report on Wednesday, September 2nd.

The stock’s fifty day moving average is C$107.22 and its two-hundred day moving average is C$101.21. The firm has a market capitalization of $5.25 billion and a price-to-earnings ratio of 14.41. The company has a debt-to-equity ratio of 130.19, a quick ratio of 1.04 and a current ratio of 1.09.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Wednesday, July 15th. The company reported C$1.87 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.82 by C$0.05. The company had revenue of C$605.82 million for the quarter, compared to the consensus estimate of C$588.20 million. Sell-side analysts anticipate that Cogeco Communications Inc will post 7.5899999 earnings per share for the current year.

About Cogeco Communications (TSE:CCA)

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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