Cogeco Communications Inc. (TSE:CCA) Declares Quarterly Dividend of $0.71

Cogeco Communications Inc. (TSE:CCAGet Rating) announced a quarterly dividend on Tuesday, April 26th, TickerTech reports. Shareholders of record on Wednesday, May 11th will be paid a dividend of 0.705 per share on Wednesday, May 11th. This represents a $2.82 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 26th.

CCA traded down C$0.04 during midday trading on Monday, hitting C$110.90. 96,512 shares of the company were exchanged, compared to its average volume of 82,641. The company’s 50 day simple moving average is C$104.86 and its 200 day simple moving average is C$103.41. The firm has a market capitalization of C$5.13 billion and a price-to-earnings ratio of 13.13. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 162.67. Cogeco Communications has a 1-year low of C$95.50 and a 1-year high of C$123.07.

In other Cogeco Communications news, Director Jacques Royer sold 377 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of C$113.30, for a total value of C$42,714.10. Also, Senior Officer Elizabeth Alves sold 325 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of C$83.39, for a total transaction of C$27,101.75. Following the completion of the transaction, the insider now directly owns 490 shares in the company, valued at C$40,861.10.

Several equities research analysts have weighed in on the company. CIBC increased their price target on Cogeco Communications from C$120.00 to C$126.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities raised their target price on Cogeco Communications from C$130.00 to C$135.00 and gave the company a “buy” rating in a research report on Monday, April 18th. Royal Bank of Canada raised their target price on Cogeco Communications from C$126.00 to C$127.00 in a research report on Monday, April 11th. Canaccord Genuity Group dropped their target price on Cogeco Communications from C$130.00 to C$120.00 in a research report on Wednesday, January 19th. Finally, Scotiabank raised their target price on Cogeco Communications from C$137.00 to C$141.00 in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$132.33.

About Cogeco Communications (Get Rating)

Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

Featured Stories

Dividend History for Cogeco Communications (TSE:CCA)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.