Cogeco Communications Inc. (TSE:CCA) Receives C$68.44 Average PT from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$68.44.

Several equities analysts recently weighed in on CCA shares. TD Securities cut their price objective on Cogeco Communications from C$90.00 to C$80.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Canaccord Genuity Group lowered their price objective on shares of Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Scotiabank cut their target price on shares of Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a research note on Monday, April 15th. Desjardins reduced their price target on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Monday, April 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Cogeco Communications from C$76.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th.

Cogeco Communications Price Performance

Shares of TSE:CCA opened at C$51.46 on Tuesday. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 4.77 and a beta of 0.47. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$72.56. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 143.84. The business has a fifty day simple moving average of C$54.35 and a 200 day simple moving average of C$57.79.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, topping the consensus estimate of C$1.88 by C$0.33. The company had revenue of C$730.50 million for the quarter, compared to analyst estimates of C$735.00 million. Cogeco Communications had a net margin of 12.34% and a return on equity of 11.41%. As a group, sell-side analysts predict that Cogeco Communications will post 8.341791 earnings per share for the current fiscal year.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were given a $0.854 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend was Wednesday, April 24th. Cogeco Communications’s dividend payout ratio is presently 41.11%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.