CCA, CA19239C1068

Cogeco Communications stock gained 1.31 percent and target fell to CAD 64

Published on 10/08/2026 at 00:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cogeco Communications reported CAD 696.68 million in fiscal Q3 revenue against a CAD 703.45 million forecast. Fiscal Q4 results are due October 28, 2026.

CCA, CA19239C1068, Illustration mit AI erstellt.

Cogeco Communications stock (ISIN CA19239C1068) gained 1.31 percent on October 7, 2026, while its latest quarterly revenue came in below the published forecast. The combination leaves the October 28 results date as the next concrete checkpoint for the Canadian telecommunications provider.

Desjardins cuts target to CAD 64

Desjardins cut its price target for Cogeco Communications from CAD 68 to CAD 64 and kept a Hold rating, according to MarketBeat. The target reduction reflects a more cautious view ahead of the next operating update, while the new target remains above the latest Toronto price.

The same MarketBeat report lists a Moderate Buy consensus from seven analysts and an average target of CAD 72.67. That average is CAD 20.17 above the CAD 52.50 reference price, a gap of 38.42 percent.

Revenue missed the fiscal Q3 forecast

Cogeco Communications generated CAD 696.68 million in fiscal Q3 2026 revenue, compared with a CAD 703.45 million forecast, according to Investing.com on July 15, 2026. The shortfall was CAD 6.77 million, or 0.96 percent, making the coming fiscal fourth-quarter release important for judging whether the revenue pressure persisted.

The company operates telecommunications businesses in Canada and the United States, with services spanning Internet, video and wireline phone offerings. Its fiscal Q4 2026 results are scheduled for October 28, 2026, after the market close, with a conference call on October 29 at 8:00 a.m. ET, according to Yahoo Finance.

Stock remains below its yearly high

Cogeco Communications was last at CAD 52.50 on the Toronto Stock Exchange on October 7, 2026 at 4:00 p.m. ET. The session range was CAD 51.49 to CAD 52.86, while the 52-week range was CAD 50.96 to CAD 77.40 and volume reached 333,597 shares.

At CAD 52.50, the stock stood 32.17 percent below its 52-week high, while market capitalization was CAD 2.2 billion as of October 7, 2026. The valuation gap to the analyst consensus and the revenue comparison give the October results release two measurable tests: operating performance and the credibility of the average target.