Royal Bank of Canada Boosts Cogeco Communications (OTCMKTS:CGEAF) Price Target to $109.00

Cogeco Communications (OTCMKTS:CGEAF) had its price target boosted by Royal Bank of Canada from $104.00 to $109.00 in a research note released on Tuesday, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Separately, Canaccord Genuity raised their price objective on Cogeco Communications from $93.00 to $96.00 and gave the stock a hold rating in a report on Wednesday, June 3rd.

CGEAF stock opened at $71.01 on Tuesday. Cogeco Communications has a 52-week low of $65.65 and a 52-week high of $90.10. The stock’s fifty day simple moving average is $72.45 and its 200-day simple moving average is $76.68.

About Cogeco Communications

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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