Cogeco Communications (TSE:CCA – Free Report) had its price objective trimmed by TD Securities from C$93.00 to C$90.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
CCA has been the subject of a number of other reports. Desjardins dropped their price objective on Cogeco Communications from C$68.00 to C$64.00 and set a hold rating for the company in a report on Monday. Royal Bank of Canada lowered their price target on Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating for the company in a report on Wednesday, April 10th. Scotiabank lowered their price target on Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating for the company in a report on Monday. BMO Capital Markets increased their price target on Cogeco Communications from C$64.00 to C$65.00 and gave the company a market perform rating in a report on Friday, January 12th. Finally, CIBC lowered their price target on Cogeco Communications from C$65.00 to C$63.00 and set a neutral rating for the company in a report on Monday, December 18th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$69.69.
Check Out Our Latest Report on Cogeco Communications
Cogeco Communications Trading Up 0.5 %
Cogeco Communications (TSE:CCA – Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.33. The business had revenue of C$730.50 million during the quarter, compared to the consensus estimate of C$735.00 million. Cogeco Communications had a return on equity of 11.58% and a net margin of 12.47%. On average, equities research analysts expect that Cogeco Communications will post 8.4785185 EPS for the current year.
Cogeco Communications Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 9th will be given a $0.854 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $3.42 dividend on an annualized basis and a yield of 6.10%. Cogeco Communications’s payout ratio is currently 41.11%.
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.
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