Cogeco Communications Inc. to Issue Quarterly Dividend of $0.99 (TSE:CCA)

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Wednesday, July 29th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.987 per share on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Wednesday, July 29th.

Cogeco Communications Price Performance

Shares of TSE CCA opened at C$60.66 on Monday. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47. Cogeco Communications has a fifty-two week low of C$60.27 and a fifty-two week high of C$77.40. The stock has a market cap of C$2.55 billion, a PE ratio of -2.30, a price-to-earnings-growth ratio of 4.77 and a beta of 0.93. The stock has a fifty day moving average of C$64.21 and a 200-day moving average of C$66.83.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings data on Wednesday, July 15th. The company reported C$2.35 earnings per share (EPS) for the quarter. Cogeco Communications had a negative return on equity of 38.76% and a negative net margin of 39.56%.The business had revenue of C$696.68 million for the quarter. Equities research analysts anticipate that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Wall Street Analyst Weigh In

CCA has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, April 13th. TD raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$85.00 to C$83.00 in a research note on Monday, April 13th. National Bank Financial lowered shares of Cogeco Communications from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$75.00 to C$70.00 in a report on Friday, July 17th. Royal Bank Of Canada decreased their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. Finally, Scotiabank lowered their target price on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.22.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.