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Cogeco Cable PT Raised to C$58.00 at National Bank Financial (CCA)

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Equities research analysts at National Bank Financial boosted their price target on shares of Cogeco Cable (TSE: CCA) from C$49.50 to C$58.00 in a research note issued to investors on Friday, AnalystRatings.Net reports. National Bank Financial’s price objective points to a potential upside of 17.89% from the stock’s previous close.

Cogeco Cable (TSE: CCA) traded up 1.89% on Friday, hitting $50.13. Cogeco Cable has a 52-week low of $34.45 and a 52-week high of $49.48. The stock’s 50-day moving average is currently $44.77. The company has a market cap of $2.440 billion and a price-to-earnings ratio of 12.00.

CCA has been the subject of a number of other recent research reports. Analysts at Desjardins raised their price target on shares of Cogeco Cable from C$50.00 to C$53.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Cogeco Cable from C$50.00 to C$55.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Cogeco Cable from C$60.00 to C$65.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.

One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cogeco Cable presently has a consensus rating of “Buy” and an average target price of C$52.94.

Cogeco Cable is a telecommunications corporation, the hybrid fibre coaxial cable operator in Ontario and Quebec.Image may be NSFW.
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