Cogeco Communications Inc. (OTCMKTS:CGEAF) Receives $132.00 Average PT from Analysts

Cogeco Communications Inc. (OTCMKTS:CGEAFGet Rating) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $132.00.

Several analysts recently commented on the company. TD Securities cut Cogeco Communications from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Scotiabank raised their target price on Cogeco Communications from C$137.00 to C$141.00 in a research note on Tuesday, April 12th. Finally, BMO Capital Markets raised their target price on Cogeco Communications from C$125.00 to C$130.00 in a research note on Monday, April 18th.

Shares of CGEAF stock remained flat at $$73.45 during trading hours on Friday. The firm has a 50-day simple moving average of $81.30 and a two-hundred day simple moving average of $80.64. Cogeco Communications has a 12 month low of $72.46 and a 12 month high of $98.61.

Cogeco Communications Company Profile (Get Rating)

Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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Analyst Recommendations for Cogeco Communications (OTCMKTS:CGEAF)

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