Desjardins Cuts Earnings Estimates for Cogeco Communications

Cogeco Communications Inc. (TSE:CCA) – Desjardins lowered their FY2025 earnings estimates for Cogeco Communications in a report issued on Wednesday, July 16th. Desjardins analyst J. Dubreuil now forecasts that the company will earn $7.71 per share for the year, down from their previous estimate of $8.51. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share. Desjardins also issued estimates for Cogeco Communications’ Q4 2025 earnings at $1.93 EPS, FY2026 earnings at $7.21 EPS and FY2027 earnings at $7.05 EPS.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. National Bankshares set a C$85.00 target price on Cogeco Communications and gave the stock an “outperform” rating in a research note on Friday, June 6th. Royal Bank Of Canada reduced their price target on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday. BMO Capital Markets decreased their price objective on Cogeco Communications from C$80.00 to C$75.00 in a research note on Thursday. Finally, Scotiabank lowered their price objective on Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cogeco Communications currently has an average rating of “Moderate Buy” and an average price target of C$77.44.

Cogeco Communications Price Performance

Shares of CCA opened at C$65.60 on Monday. The company has a market cap of C$2.76 billion, a P/E ratio of 7.94, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.09. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The firm’s 50 day moving average price is C$69.00 and its 200 day moving average price is C$66.77.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were given a dividend of $0.922 per share. This represents a $3.69 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications’s dividend payout ratio (DPR) is presently 41.40%.

Cogeco Communications Company Profile

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.