Cogeco Communications Inc Stock Forecast:
Cogeco Communications Inc is a Canadian company whose stock is being analyzed by 15 analysts. The average target price predicted for the stock over the next 12 months is CAD 86.74, indicating a “Buy” rating. Stock Target Advisor‘s own analysis also shows a “Slightly Bullish” rating, based on 10 positive signals and 6 negative signals. The current stock price of Cogeco Communications Inc is CAD 64.55, which has decreased by -0.77% over the past week but increased by +3.78% over the past month. However, over the last year, the stock price has decreased significantly by -41.74%.
Analysts Coverage Change:
- BMO Capital Markets maintains its “Market Perform” rating for Cogeco Communications Inc.(CCA:TSX) stock and lowers the target price to $75 from $80.
- CIBC World Markets maintains a “Neutral” rating and lowers the target price to $64 from $84.
- TD Securities maintains a “Buy” rating and lowers the target price to $105 from $110.
Positive Fundamentals:
Cogeco Communications Inc. has delivered superior total returns compared to its sector peers in the past 5 years, and is in the top quartile. The stock is also underpriced compared to its peers on price to book value, cash flow, and free cash flow basis. The company has delivered better return on equity and return on assets in the most recent 4 quarters than its peers, and has had positive total cash flow and free cash flow in the most recent four quarters. Additionally, the company has shown top quartile earnings and revenue growth in the previous 5 years compared to its sector.
Negative Fundamentals:
Cogeco Communications Inc. has a low market capitalization and poor risk-adjusted returns compared to its peers. It also has high volatility and is overpriced compared to earnings. (store.connect4education.com) In addition, the company has poor capital utilization and is highly leveraged compared to its sector peers. Investors should proceed with caution and consider the company’s unique technology or market before investing in the stock.
FA Score (Fundamental Analysis):
The fundamental analysis of Cogeco Communications Inc. stock is “Slightly Bullish” with a FA score of 6.3 out of 10, where 0 is very bearish and 10 is very bullish.
