Cogeco Communications Inc. (TSE:CCA) Receives C$75.50 Consensus PT from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$77.06.

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Royal Bank of Canada lifted their price objective on Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. TD Securities raised their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a research note on Monday, November 4th. National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Canaccord Genuity Group raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$65.00 to C$77.00 in a report on Monday, November 4th.

Cogeco Communications Stock Up 0.2 %

Shares of TSE:CCA opened at C$66.51 on Tuesday. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09. The firm has a market cap of C$2.00 billion, a P/E ratio of 8.48, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. The company’s 50-day moving average price is C$69.95 and its two-hundred day moving average price is C$63.86.

Cogeco Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were paid a dividend of $0.922 per share. This represents a $3.69 annualized dividend and a yield of 5.55%. The ex-dividend date was Thursday, November 14th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.85. Cogeco Communications’s dividend payout ratio (DPR) is presently 43.62%.

Insider Buying and Selling at Cogeco Communications

In related news, Director Robin Anne Bienenstock acquired 2,156 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Also, Director Jacques Royer sold 657 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the completion of the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately C$68.86. The trade was a 99.85 % decrease in their ownership of the stock. Insiders own 0.46% of the company’s stock.

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.