Cogeco Communications (TSE:CCA) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cogeco Communications Inc. (TSE:CCA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$67.04 and traded as high as C$67.24. Cogeco Communications shares last traded at C$65.77, with a volume of 85,607 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CCA shares. TD Securities increased their price target on shares of Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. Scotiabank cut their price target on shares of Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. Canaccord Genuity Group upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and increased their price target for the stock from C$65.00 to C$77.00 in a report on Monday, November 4th. BMO Capital Markets increased their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Finally, CIBC cut their price target on shares of Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Cogeco Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.17.

Cogeco Communications Stock Down 2.0 %

The firm has a market cap of C$2.76 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 4.77 and a beta of 0.59. The business’s 50 day moving average price is C$64.75 and its 200 day moving average price is C$67.06. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37.

Cogeco Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.922 per share. The ex-dividend date was Monday, January 27th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.61%. Cogeco Communications’s dividend payout ratio (DPR) is 41.40%.

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.