Cogeco Communications Inc (TSE:CCA) had its target price increased by National Bank Financial from C$92.00 to C$96.00 in a research note released on Tuesday morning. They currently have a sector perform rating on the stock.
Several other research firms have also weighed in on CCA. BMO Capital Markets reiterated a market perform rating and issued a C$82.00 price objective on shares of Cogeco Communications in a research note on Tuesday, July 11th. Scotiabank upped their price objective on Cogeco Communications from C$83.00 to C$95.00 and gave the company an outperform rating in a research note on Tuesday, July 11th. TD Securities upped their price objective on Cogeco Communications from C$80.00 to C$83.00 and gave the company a reduce rating in a research note on Tuesday, July 18th. Barclays PLC upped their price objective on Cogeco Communications from C$80.00 to C$90.00 in a research note on Monday, November 6th. Finally, Canaccord Genuity lowered Cogeco Communications from a buy rating to a hold rating and upped their price objective for the company from C$89.00 to C$93.00 in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$91.17.
Shares of Cogeco Communications (TSE CCA) opened at C$86.99 on Tuesday. Cogeco Communications has a 12 month low of C$60.62 and a 12 month high of C$95.21.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 30th will be issued a $0.475 dividend. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.43. This represents a $1.90 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, November 15th. Cogeco Communications’s payout ratio is presently 21.39%.
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.
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