Cogeco Communications (TSE:CCA) Price Target Raised to C$75.50

Cogeco Communications (TSE:CCA) had its price target boosted by Scotiabank from C$75.00 to C$75.50 in a research report report published on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. CIBC decreased their price objective on Cogeco Communications from C$71.00 to C$68.00 in a research note on Friday, October 17th. BMO Capital Markets decreased their price objective on Cogeco Communications from C$80.00 to C$75.00 in a research note on Thursday, July 17th. National Bank Financial cut Cogeco Communications from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Royal Bank Of Canada decreased their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. Finally, Desjardins set a C$73.00 target price on Cogeco Communications and gave the stock a “hold” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$75.28.

Cogeco Communications Stock Performance

Shares of CCA opened at C$67.35 on Monday. The stock has a 50-day simple moving average of C$64.52 and a 200-day simple moving average of C$66.22. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The stock has a market capitalization of C$2.84 billion, a PE ratio of 8.72, a PEG ratio of 4.77 and a beta of 0.52. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$75.09.

Cogeco Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 12th were issued a $0.922 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.5%. Cogeco Communications’s payout ratio is presently 46.89%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.