Cogeco Communications (TSE:CCA – Free Report) had its price objective boosted by Desjardins from C$64.00 to C$69.00 in a report published on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock. Desjardins also issued estimates for Cogeco Communications’ Q4 2024 earnings at $1.75 EPS and FY2025 earnings at $7.60 EPS.
A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Cogeco Communications from C$79.00 to C$73.00 in a research report on Tuesday, July 9th. TD Securities decreased their price target on shares of Cogeco Communications from C$90.00 to C$80.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. Scotiabank decreased their price target on shares of Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating on the stock in a research note on Monday, April 15th. Finally, Canaccord Genuity Group decreased their price target on shares of Cogeco Communications from C$63.00 to C$60.00 and set a hold rating on the stock in a research note on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$68.83.
View Our Latest Research Report on CCA
Cogeco Communications Price Performance
Cogeco Communications Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th will be paid a $0.854 dividend. This represents a $3.42 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, July 25th. Cogeco Communications’s dividend 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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