Cogeco Communications Inc. (TSE:CCA) Given Average Rating of “Moderate Buy” by Brokerages

Cogeco Communications Inc. (TSE:CCA) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$76.60.

Several analysts have recently weighed in on CCA shares. Royal Bank of Canada raised their price objective on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 9th. Canaccord Genuity Group raised their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the company a “buy” rating in a report on Friday, April 11th. Scotiabank set a C$75.00 price objective on Cogeco Communications and gave the company a “sector perform” rating in a research report on Thursday, April 17th. Finally, National Bankshares set a C$85.00 target price on Cogeco Communications and gave the stock an “outperform” rating in a report on Friday.

Cogeco Communications Stock Down 0.7%

CCA opened at C$67.43 on Tuesday. Cogeco Communications has a twelve month low of C$50.82 and a twelve month high of C$75.09. The firm has a market cap of C$2.83 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 4.77 and a beta of 0.59. The firm’s 50-day simple moving average is C$66.95 and its 200-day simple moving average is C$66.60. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37.

Cogeco Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.922 per share. This represents a $3.69 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications’s dividend payout ratio (DPR) is presently 41.40%.

About Cogeco Communications

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.