Cogeco Communications (TSE:CCA) Given New C$100.00 Price Target at BMO Capital Markets

Cogeco Communications (TSE:CCAGet Rating) had its price objective trimmed by BMO Capital Markets from C$120.00 to C$100.00 in a report published on Monday morning, BayStreet.CA reports.

A number of other research firms have also weighed in on CCA. National Bank Financial lowered Cogeco Communications from an outperform market weight rating to a sector perform market weight rating in a research report on Thursday, July 14th. Scotiabank decreased their target price on shares of Cogeco Communications from C$114.50 to C$112.50 in a research note on Friday, July 15th. TD Securities upgraded shares of Cogeco Communications to a buy rating and set a C$120.00 price objective for the company in a research report on Friday, June 17th. CIBC downgraded shares of Cogeco Communications from an outperform rating to a hold rating and reduced their price objective for the company from C$126.00 to C$100.00 in a research report on Wednesday, June 29th. Finally, National Bankshares downgraded shares of Cogeco Communications from an outperform rating to a sector perform rating and reduced their price target for the company from C$119.00 to C$108.00 in a research report on Friday, July 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$111.21.

Cogeco Communications Price Performance

CCA stock opened at C$78.57 on Monday. The company has a debt-to-equity ratio of 148.86, a current ratio of 0.56 and a quick ratio of 0.53. The business has a 50 day simple moving average of C$83.54 and a 200-day simple moving average of C$95.02. The firm has a market capitalization of C$3.62 billion and a PE ratio of 8.88. Cogeco Communications has a 1 year low of C$75.56 and a 1 year high of C$115.60.

Cogeco Communications (TSE:CCAGet Rating) last released its quarterly earnings data on Wednesday, July 13th. The company reported C$2.16 EPS for the quarter, missing analysts’ consensus estimates of C$2.29 by C($0.13). The company had revenue of C$728.12 million during the quarter. Equities research analysts anticipate that Cogeco Communications will post 9.2600006 earnings per share for the current fiscal year.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Investors of record on Wednesday, August 10th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, July 26th. Cogeco Communications’s dividend payout ratio is presently 31.13%.

Insiders Place Their Bets

In related news, insider Cogeco Communications Inc. purchased 14,400 shares of Cogeco Communications stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of C$95.17 per share, with a total value of C$1,370,484.00. Following the purchase, the insider now owns 60,800 shares in the company, valued at approximately C$5,786,488. In related news, Director Robin Anne Bienenstock acquired 890 shares of the company’s stock in a transaction on Friday, July 29th. The shares were purchased at an average price of C$84.00 per share, for a total transaction of C$74,757.33. Following the purchase, the director now owns 890 shares in the company, valued at C$74,757.33. Also, insider Cogeco Communications Inc. purchased 14,400 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of C$95.17 per share, for a total transaction of C$1,370,484.00. Following the purchase, the insider now owns 60,800 shares in the company, valued at C$5,786,488. In the last 90 days, insiders bought 131,690 shares of company stock worth $11,672,436.

Cogeco Communications Company Profile

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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.

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