The Globe and Mail reports in its Friday, April 12, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "hold" recommendation for Cogeco Communications. The Globe's David Leeder writes that Mr. Dubreuil gave his share target a $2 trim to $68. Analysts on average target the shares at $71.20. Mr. Dubreuil says in a note: "T-Mobile and Verizon have begun to scale back their FWA promotional efforts as they seek to maximize the monetization of the remaining subscribers they can load on their FWA product before reaching capacity constraints -- T-Mobile indicated it can grow the business to seven million to eight million customers (from five million currently). It also mentioned that it expects FWA net adds of 400,000 in Q1, a 25-per-cent year-over-year decline as new pricing and capacity limits in certain sectors affect the pace at which it can add customers. We believe the pace of FWA net adds has likely plateaued already. However, we note that AT&T has recently intensified its FWA efforts and probably has a longer capacity runway than its peers as it started its FWA journey only recently. We also note that fibre-building could continue to affect the U.S. cable industry for several years."