Cogeco Communications Inc. (TSE:CCA) Receives C$73.11 Consensus Target Price from Analysts

Cogeco Communications Inc. (TSE:CCA) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$73.11.

Several equities research analysts have commented on CCA shares. Royal Bank Of Canada cut their price target on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. National Bank Financial decreased their price objective on Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a report on Monday, August 31st. Finally, Desjardins set a C$68.00 target price on Cogeco Communications and gave the stock a “hold” rating in a report on Wednesday, July 15th.

Cogeco Communications Stock Performance

CCA opened at C$60.48 on Thursday. The firm’s fifty day moving average is C$61.43 and its two-hundred day moving average is C$65.05. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47. The firm has a market cap of C$2.54 billion, a PE ratio of -2.29, a price-to-earnings-growth ratio of 4.77 and a beta of 0.97. Cogeco Communications has a twelve month low of C$58.42 and a twelve month high of C$77.40.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 earnings per share (EPS) for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. The company had revenue of C$696.68 million during the quarter. Equities research analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current year.

Cogeco Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.987 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $3.95 annualized dividend and a dividend yield of 6.5%. Cogeco Communications’s payout ratio is -14.69%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.