Cogeco Communications Inc. (TSE:CCA) Given “Outperform” Rating at Scotiabank

Scotiabank reaffirmed their outperform rating on shares of Cogeco Communications Inc. (TSE:CCA) in a report released on Monday, November 6th. Scotiabank currently has a C$102.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their price objective on Cogeco Communications from C$76.00 to C$81.00 and gave the company a sector perform rating in a research note on Tuesday, July 11th. National Bank Financial lifted their price objective on Cogeco Communications from C$82.00 to C$92.00 and gave the company a sector perform rating in a research note on Wednesday, November 1st. BMO Capital Markets lifted their price objective on Cogeco Communications from C$82.00 to C$84.00 and gave the company a market perform rating in a research note on Monday, July 17th. TD Securities cut Cogeco Communications from a hold rating to a reduce rating and set a C$80.00 price objective for the company. in a research note on Wednesday, July 12th. Finally, Desjardins cut Cogeco Communications from a buy rating to a hold rating and lifted their price objective for the company from C$79.00 to C$87.50 in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$91.17.

Cogeco Communications (CCA) traded down C$0.34 on Monday, hitting C$91.79. The stock had a trading volume of 41,900 shares, compared to its average volume of 69,998. Cogeco Communications has a 52 week low of C$63.64 and a 52 week high of C$95.21.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.43. Cogeco Communications’s payout ratio is currently 21.39%.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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