Cogeco Communications Inc. (TSE:CCA) Given Average Rating of “Hold” by Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have been given an average rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$76.03.

A number of research analysts have recently commented on CCA shares. CIBC upped their price target on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Scotiabank raised their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research note on Monday, January 12th. BMO Capital Markets lowered their price objective on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Desjardins set a C$71.00 target price on Cogeco Communications and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, National Bankshares lifted their price target on Cogeco Communications from C$66.00 to C$71.00 in a research report on Friday, January 16th.

Cogeco Communications Stock Down 5.9%

Shares of CCA opened at C$67.50 on Wednesday. The company has a market capitalization of C$2.83 billion, a PE ratio of 9.23, a PEG ratio of 4.77 and a beta of 0.65. The stock’s 50-day moving average price is C$67.62 and its two-hundred day moving average price is C$65.73. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 12 month low of C$59.10 and a 12 month high of C$74.39.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. The business had revenue of C$707.25 million for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. On average, analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current year.

Cogeco Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were given a dividend of $0.987 per share. This represents a $3.95 annualized dividend and a yield of 5.8%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.92. The ex-dividend date was Wednesday, November 12th. Cogeco Communications’s dividend payout ratio (DPR) is presently 51.34%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.