Cogeco Communications (TSE:CCA) Given New C$75.50 Price Target at Scotiabank

Cogeco Communications (TSE:CCA) had its price target boosted by Scotiabank from C$75.00 to C$75.50 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on CCA. CIBC lowered their target price on Cogeco Communications from C$71.00 to C$68.00 in a research note on Friday. Desjardins set a C$73.00 target price on Cogeco Communications and gave the stock a “hold” rating in a research note on Thursday, October 9th. National Bank Financial cut Cogeco Communications from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. National Bankshares cut shares of Cogeco Communications from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$80.00 to C$69.00 in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada decreased their price target on shares of Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$75.28.

Cogeco Communications Price Performance

TSE CCA opened at C$65.91 on Monday. The business has a 50 day simple moving average of C$64.34 and a 200 day simple moving average of C$66.21. Cogeco Communications has a 52-week low of C$59.10 and a 52-week high of C$75.09. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 4.77 and a beta of 0.52.

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 12th were paid a dividend of $0.922 per share. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $3.69 dividend on an annualized basis and a yield of 5.6%. Cogeco Communications’s dividend payout ratio is presently 46.89%.

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.