BMO Capital Markets Issues Positive Forecast for Cogeco Communications (TSE:CCA) Stock Price

Cogeco Communications (TSE:CCA) had its price target boosted by BMO Capital Markets from C$70.00 to C$80.00 in a report published on Monday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and lifted their price target for the company from C$65.00 to C$77.00 in a research report on Monday. National Bank Financial raised Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 19th. TD Securities boosted their price target on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. Scotiabank raised their price objective on shares of Cogeco Communications from C$73.50 to C$77.50 in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cogeco Communications presently has an average rating of “Moderate Buy” and an average target price of C$75.50.

Cogeco Communications Price Performance

TSE CCA opened at C$71.50 on Monday. Cogeco Communications has a 12 month low of C$50.78 and a 12 month high of C$72.40. The firm has a market capitalization of C$2.15 billion, a PE ratio of 9.12, a P/E/G ratio of 4.77 and a beta of 0.59. The company’s 50 day simple moving average is C$68.40 and its 200 day simple moving average is C$60.84. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49.

Cogeco Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, November 28th will be paid a $0.922 dividend. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, November 14th. This represents a $3.69 dividend on an annualized basis and a yield of 5.16%. Cogeco Communications’s dividend payout ratio (DPR) is currently 43.62%.

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.