Cogeco Communications Inc. (TSE:CCA) Receives C$76.17 Average Target Price from Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$76.17.

A number of equities research analysts have weighed in on the company. Scotiabank lowered their target price on Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. CIBC dropped their target price on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th.

Cogeco Communications Price Performance

CCA stock opened at C$68.40 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The firm has a market cap of C$2.87 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 4.77 and a beta of 0.59. The company’s fifty day simple moving average is C$64.84 and its 200 day simple moving average is C$67.36. Cogeco Communications has a 12-month low of C$50.82 and a 12-month high of C$75.09.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 10th were issued a $0.922 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.39%. Cogeco Communications’s dividend payout ratio is presently 41.40%.

About Cogeco Communications

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.