Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Cogeco Communications (CGEAF – Research Report) today and set a price target of C$76.00. The company’s shares closed last Thursday at $48.00.
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Galappatthige covers the Communication Services sector, focusing on stocks such as Telus, Rogers Communication, and BCE. According to TipRanks, Galappatthige has an average return of -0.7% and a 47.64% success rate on recommended stocks.
Cogeco Communications has an analyst consensus of Moderate Buy, with a price target consensus of $55.01.
Based on Cogeco Communications’ latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $738.7 million and a net profit of $100.59 million. In comparison, last year the company earned a revenue of $747.69 million and had a net profit of $89.49 million
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