Cogeco (TSE:CGO – Free Report) had its price objective lowered by TD Securities from C$110.00 to C$106.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Separately, CIBC lifted their target price on Cogeco from C$57.00 to C$58.00 and gave the company a neutral rating in a research note on Tuesday, December 19th.
View Our Latest Stock Report on Cogeco
Cogeco Stock Performance
Cogeco (TSE:CGO – Get Free Report) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. The firm had revenue of C$751.91 million for the quarter. Cogeco had a return on equity of 9.44% and a net margin of 2.06%. Analysts predict that Cogeco will post 10.1988848 earnings per share for the current year.
Cogeco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be issued a dividend of $0.854 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Wednesday, April 24th. Cogeco’s dividend payout ratio (DPR) is 84.44%.
Cogeco Company Profile
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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