Cogeco Communications Inc. (TSE:CCA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$76.17.

A number of brokerages recently weighed in on CCA. Scotiabank dropped their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th. CIBC dropped their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th.

Cogeco Communications Stock Up 2.6 %

Shares of CCA opened at C$70.18 on Thursday. The business’s 50 day moving average is C$65.01 and its 200 day moving average is C$67.39. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 12-month low of C$50.82 and a 12-month high of C$75.09. The company has a market capitalization of C$2.95 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

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. This represents a $3.69 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, January 27th. Cogeco Communications’s dividend payout ratio 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.