Cogeco Communications Inc. (TSE:CCA) Receives C$71.72 Average Target Price from Analysts

Shares of Cogeco Communications Inc. (TSE:CCAGet Free Report) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$71.72.

Several brokerages have recently commented on CCA. Canaccord Genuity Group upped their price objective on shares of Cogeco Communications from C$63.00 to C$64.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. National Bankshares reduced their target price on shares of Cogeco Communications from C$67.00 to C$63.00 and set a “sector perform” rating on the stock in a report on Friday, November 3rd. Desjardins lowered shares of Cogeco Communications from a “buy” rating to a “hold” rating and set a C$70.00 target price on the stock. in a report on Friday, January 12th. TD Securities increased their target price on shares of Cogeco Communications from C$87.00 to C$92.00 and gave the stock a “buy” rating in a report on Monday, December 4th. Finally, Veritas Investment Research reiterated a “buy” rating on shares of Cogeco Communications in a report on Wednesday, December 13th.

Get Our Latest Stock Analysis on CCA

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$60.53 on Wednesday. The company’s 50 day simple moving average is C$60.58 and its 200-day simple moving average is C$59.78. The company has a debt-to-equity ratio of 136.39, a quick ratio of 0.49 and a current ratio of 0.59. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$72.56. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 4.77 and a beta of 0.49.

Cogeco Communications (TSE:CCAGet Free Report) last issued its quarterly earnings data on Wednesday, January 10th. The company reported C$2.33 EPS for the quarter, topping the consensus estimate of C$1.72 by C$0.61. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The firm had revenue of C$747.69 million for the quarter, compared to analyst estimates of C$755.50 million. As a group, equities research analysts expect that Cogeco Communications will post 8.5619835 earnings per share for the current year.

Cogeco Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were given a $0.854 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend was Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio (DPR) is 41.11%.

Insider Activity at Cogeco Communications

In other Cogeco Communications news, Senior Officer Chantal Frappier sold 732 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of C$60.67, for a total transaction of C$44,410.44. Insiders own 0.45% of the company’s stock.

Cogeco Communications Company Profile

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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.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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