Cogeco Communications Inc. (TSE:CCA) Insider Luc Noiseux Sells 165 Shares

Cogeco Communications Inc. (TSE:CCA) insider Luc Noiseux sold 165 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$89.84, for a total value of C$14,823.60.

Shares of Cogeco Communications Inc. (TSE CCA) traded up C$2.72 during trading hours on Thursday, reaching C$90.16. 177,590 shares of the company traded hands, compared to its average volume of 70,610. Cogeco Communications Inc. has a twelve month low of C$64.00 and a twelve month high of C$95.21.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 30th were paid a $0.475 dividend. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.43. This represents a $1.90 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, November 15th. Cogeco Communications’s dividend payout ratio (DPR) is 21.39%.

CCA has been the subject of a number of research reports. BMO Capital Markets reiterated a “market perform” rating and set a C$94.00 target price on shares of Cogeco Communications in a report on Monday, November 6th. Canaccord Genuity downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$89.00 to C$93.00 in a research note on Monday, November 6th. Scotiabank restated an “outperform” rating and set a C$102.00 price objective on shares of Cogeco Communications in a research note on Monday, November 6th. TD Securities increased their price objective on shares of Cogeco Communications from C$83.00 to C$87.00 and gave the stock a “reduce” rating in a research note on Monday, November 6th. Finally, National Bank Financial increased their price objective on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$91.17.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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