Cogeco Communications Inc. (TSE:CCA) Given Consensus Rating of “Moderate Buy” by Brokerages

Cogeco Communications Inc. (TSE:CCA) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$76.10.

Several brokerages have commented on CCA. Canaccord Genuity Group raised their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “buy” rating in a report on Friday, April 11th. CIBC decreased their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Scotiabank set a C$75.00 target price on Cogeco Communications and gave the company a “sector perform” rating in a report on Thursday, April 17th. Finally, Royal Bank of Canada lifted their price target on Cogeco Communications from C$77.00 to C$78.00 and gave the company a “sector perform” rating in a report on Wednesday, April 9th.

Cogeco Communications Trading Down 0.0 %

Shares of TSE CCA opened at C$64.63 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 4.77 and a beta of 0.59. The business has a fifty day simple moving average of C$66.41 and a 200-day simple moving average of C$67.17.

Cogeco Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th will be given a $0.922 dividend. This represents a $3.69 annualized dividend and a yield of 5.71%. The ex-dividend date is Wednesday, April 23rd. Cogeco Communications’s dividend payout ratio is 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.