Cogeco Communications Stock Buy Hold or Sell Recommendation
| CCA Stock | CAD 54.29 0.04 0.07% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Cogeco Communications is 'Hold'. Macroaxis provides Cogeco Communications buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CCA positions. The advice algorithm takes into account all of Cogeco Communications' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cogeco Communications' buy or sell advice are summarized below:
Real Value 56.02 | Hype Value 53.78 | Market Value 54.29 | Naive Value 54.87 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cogeco Communications given historical horizon and risk tolerance towards Cogeco Communications. When Macroaxis issues a 'buy' or 'sell' recommendation for Cogeco Communications, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cogeco |
Execute Cogeco Communications Buy or Sell Advice
The Cogeco recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cogeco Communications. Macroaxis does not own or have any residual interests in Cogeco Communications or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cogeco Communications' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Cogeco Communications Trading Alerts and Improvement Suggestions
| Cogeco Communications generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Cogeco Stock Price Crosses Below Two Hundred Day Moving Average of .54 - Defense World |
Cogeco Communications Returns Distribution Density
The distribution of Cogeco Communications' historical returns is an attempt to chart the uncertainty of Cogeco Communications' future price movements. The chart of the probability distribution of Cogeco Communications daily returns describes the distribution of returns around its average expected value. We use Cogeco Communications price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cogeco Communications returns is essential to provide solid investment advice for Cogeco Communications.
| Mean Return | -0.17 | Value At Risk | -2.38 | Potential Upside | 2.06 | Standard Deviation | 1.31 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cogeco Communications historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Cogeco Communications Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (190.0M) | (977K) | (178.2M) | (8.0M) | (9.2M) | (8.7M) | |
| Free Cash Flow | 433.8M | 426.9M | 259.6M | 100.1M | 115.1M | 156.1M | |
| Depreciation | 499.2M | 510.4M | 621.1M | 620.5M | 713.5M | 749.2M | |
| Other Non Cash Items | (43.2M) | (101.8M) | (11.8M) | 247.5M | 284.6M | 298.9M | |
| Dividends Paid | 112.3M | 121.1M | 129.9M | 138.0M | 158.7M | 166.6M | |
| Capital Expenditures | 484.0M | 592.2M | 980.7M | 862.8M | 992.3M | 1.0B | |
| Net Income | 396.6M | 431.6M | 453.8M | 392.3M | 451.1M | 473.7M | |
| End Period Cash Flow | 366.5M | 365.5M | 370.9M | 362.9M | 417.4M | 438.2M | |
| Investments | (557.3M) | (984.8M) | (2.4B) | (954.5M) | (859.0M) | (902.0M) | |
| Net Borrowings | (527.5M) | (266.5M) | 227.5M | 1.2B | 1.4B | 1.5B | |
| Change To Netincome | 37.9M | 97.5M | 66.1M | 120.4M | 108.4M | 72.7M |
Cogeco Communications Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cogeco Communications or Diversified Telecommunication Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cogeco Communications' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cogeco stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.22 | |
β | Beta against NYSE Composite | 0.52 | |
σ | Overall volatility | 1.27 | |
Ir | Information ratio | -0.2 |
Cogeco Communications Volatility Alert
Cogeco Communications exhibits very low volatility with skewness of -0.22 and kurtosis of 1.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cogeco Communications' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cogeco Communications' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cogeco Communications Fundamentals Vs Peers
Comparing Cogeco Communications' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cogeco Communications' direct or indirect competition across all of the common fundamentals between Cogeco Communications and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cogeco Communications or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cogeco Communications' fundamental indicators could also be used in its relative valuation, which is a method of valuing Cogeco Communications by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cogeco Communications to competition |
| Fundamentals | Cogeco Communications | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.0503 | -0.14 |
| Profit Margin | 0.12 % | (1.27) % |
| Operating Margin | 0.25 % | (5.51) % |
| Current Valuation | 7.61 B | 16.62 B |
| Shares Outstanding | 30.22 M | 571.82 M |
| Shares Owned By Insiders | 0.45 % | 10.09 % |
| Shares Owned By Institutions | 45.39 % | 39.21 % |
| Number Of Shares Shorted | 784.21 K | 4.71 M |
| Price To Earning | 12.08 X | 28.72 X |
| Price To Book | 0.80 X | 9.51 X |
| Price To Sales | 0.79 X | 11.42 X |
| Revenue | 2.98 B | 9.43 B |
| Gross Profit | 1.42 B | 27.38 B |
| EBITDA | 1.4 B | 3.9 B |
| Net Income | 392.27 M | 570.98 M |
| Cash And Equivalents | 29.26 M | 2.7 B |
| Cash Per Share | 7.68 X | 5.01 X |
| Total Debt | 57.58 M | 5.32 B |
| Debt To Equity | 1.18 % | 48.70 % |
| Current Ratio | 1.29 X | 2.16 X |
| Book Value Per Share | 69.94 X | 1.93 K |
| Cash Flow From Operations | 962.9 M | 971.22 M |
| Short Ratio | 12.97 X | 4.00 X |
| Earnings Per Share | 8.32 X | 3.12 X |
| Price To Earnings To Growth | 3.24 X | 4.89 X |
| Target Price | 68.85 | |
| Beta | 0.46 | -0.15 |
| Market Capitalization | 2.29 B | 19.03 B |
| Total Asset | 9.77 B | 29.47 B |
| Retained Earnings | 1.89 B | 9.33 B |
| Working Capital | 46.49 M | 1.48 B |
| Current Asset | 207.67 M | 9.34 B |
Cogeco Communications Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cogeco . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Cogeco Communications Buy or Sell Advice
When is the right time to buy or sell Cogeco Communications? Buying financial instruments such as Cogeco Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 4.7B | 5.4B | 5.7B | Total Assets | 9.3B | 11.2B | 11.8B |
Use Investing Ideas to Build Portfolios
In addition to having Cogeco Communications in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alternative Energy Theme or any other thematic opportunities.
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Check out Cogeco Communications Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Cogeco Communications information on this page should be used as a complementary analysis to other Cogeco Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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