Cogeco Communications Inc. (TSE:CCA) Stock Has Consensus Target Price of C$73.11

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

A number of research firms have issued reports on CCA. 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. Royal Bank Of Canada dropped their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. Finally, Desjardins set a C$68.00 target price on shares of Cogeco Communications and gave the stock a “hold” rating in a research report on Wednesday, July 15th.

Cogeco Communications Stock Up 1.9%

Shares of TSE:CCA opened at C$52.20 on Monday. Cogeco Communications has a 52-week low of C$50.96 and a 52-week high of C$77.40. The firm has a market capitalization of C$2.19 billion, a P/E ratio of -1.98, a P/E/G ratio of 4.77 and a beta of 0.97. The stock has a 50 day moving average price of C$59.10 and a 200-day moving average price of C$63.26. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47.

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

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th were paid a dividend of $0.9870 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $3.95 annualized dividend and a yield of 7.6%. Cogeco Communications’s payout ratio is presently -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.