TD Securities downgrades Cogeco Communications on weak sentiment, U.S. results

As previously reported, TD Securities downgraded Cogeco Communications (CGEAF) to Hold from Buy with a price target of C$85, down from C$100. The firm, which believes sentiment towards U.S. cablecos will remain weak in the near-term, also cites expectations for weak Q2 revenue and EBITDA growth for the company’s U.S. segment, Breezeline, the analyst tells investors.