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Cogeco Cable Inc. (TSE:CCA) stock price target increased to $90.00, issued a research note today by Macquarie Research

In a report released on 09/20/2017 Macquarie Research increased the stock price target of Cogeco Cable Inc. (TSE:CCA) to $90.00 indicating a possible upside of 0.01%.

Previously on 07/18/2017, TD Securities reported on Cogeco Cable Inc. (TSE:CCA) increased the target price from $80.00 to $83.00. At the time, this indicated a possible downside of -0.05%.

Yesterday Cogeco Cable Inc. (TSE:CCA) traded -1.58% lower at $89.34. The company’s 50-day moving average is $90.56 and its 200-day moving average is $80.89. The last closing price is up 10.77% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 125,025 shares of the stock traded hands, up from an average trading volume of 71,503

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Cogeco Cable Inc. (TSE:CCA)

Cogeco Cable Inc. has a 52 week low of $60.62 and a 52 week high of $94.43 with a P/E ratio of 14.65 The company’s market cap is currently $0.

In addition to Macquarie Research reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $54.70 with 2 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Cogeco Cable Inc. (TSE:CCA)

Cogeco Communications Inc., formerly Cogeco Cable Inc., is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services. The Canadian and American broadband services segments provide a range of video, Internet and telephony services primarily to residential customers and also provide business services to small and medium sized businesses across their coverage areas. The Business ICT services segment provides colocation, network connectivity, hosting, cloud and a portfolio of managed services primarily in Canada, the United States and Europe to small, medium and large enterprises around the world.

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