Brokerages Set Cogeco Communications Inc. (TSE:CCA) PT at C$69.39

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$69.39.

A number of brokerages have commented on CCA. Royal Bank of Canada boosted their target price on Cogeco Communications from C$73.00 to C$76.00 and gave the company a “sector perform” rating in a research note on Monday, July 15th. BMO Capital Markets boosted their target price on Cogeco Communications from C$65.00 to C$70.00 in a research note on Thursday, September 5th. Desjardins boosted their target price on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Bank of America upgraded Cogeco Communications from an “underperform” rating to a “buy” rating and boosted their target price for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Finally, TD Securities boosted their target price on Cogeco Communications from C$80.00 to C$85.00 and gave the company a “buy” rating in a research note on Monday, July 15th.

Cogeco Communications Stock Performance

Shares of CCA opened at C$66.47 on Friday. The company has a market capitalization of C$1.99 billion, a PE ratio of 8.48, a PEG ratio of 4.77 and a beta of 0.57. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41. The company’s 50 day moving average price is C$62.11 and its 200 day moving average price is C$58.24. Cogeco Communications has a 52 week low of C$50.78 and a 52 week high of C$66.77.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Thursday, July 11th. The company reported C$2.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.72. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. The business had revenue of C$750.58 million for the quarter, compared to the consensus estimate of C$751.50 million. Research analysts expect that Cogeco Communications will post 8.2150127 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were given a dividend of $0.854 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $3.42 annualized dividend and a dividend yield of 5.14%. Cogeco Communications’s dividend payout ratio is presently 43.62%.

Cogeco Communications Company Profile

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.