Cogeco Communications Inc. (TSE:CCA) Receives Consensus Rating of “Hold” from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$75.67.

Several equities research analysts have issued reports on CCA shares. National Bank Financial lowered shares of Cogeco Communications from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Scotiabank lowered their price target on shares of Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada lowered their price objective on shares of Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. BMO Capital Markets lowered their price objective on shares of Cogeco Communications from C$80.00 to C$75.00 in a research note on Thursday, July 17th. Finally, Desjardins boosted their price objective on shares of Cogeco Communications from C$72.00 to C$74.00 in a research note on Thursday, July 10th.

Cogeco Communications Stock Up 0.1%

Shares of CCA stock opened at C$63.39 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$75.09. The firm’s fifty day moving average price is C$66.72 and its two-hundred day moving average price is C$66.70. The firm has a market capitalization of C$2.66 billion, a P/E ratio of 7.67, a PEG ratio of 4.77 and a beta of 0.59.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.922 per share. The ex-dividend date was Tuesday, July 29th. This represents a $3.69 annualized dividend and a dividend yield of 5.8%. Cogeco Communications’s payout ratio is currently 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.