Scotiabank Has Bearish Estimate for TSE:CCA FY2026 Earnings

Cogeco Communications Inc. (TSE:CCA) – Equities researchers at Scotiabank reduced their FY2026 earnings estimates for shares of Cogeco Communications in a research note issued on Friday, April 17th. Scotiabank analyst M. Yaghi now expects that the company will post earnings of $8.58 per share for the year, down from their previous estimate of $9.11. Scotiabank has a “Sector Perform” rating and a $72.00 price objective on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

Other equities analysts have also recently issued reports about the stock. TD upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and decreased their target price for the company from C$85.00 to C$83.00 in a research note on Monday, April 13th. Canaccord Genuity Group dropped their target price on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Canadian Imperial Bank of Commerce raised their target price on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Desjardins dropped their target price on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Finally, Royal Bank Of Canada upped their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.11.

Cogeco Communications Stock Performance

CCA opened at C$62.99 on Wednesday. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a fifty day moving average price of C$69.70 and a 200 day moving average price of C$67.72. Cogeco Communications has a 1 year low of C$60.89 and a 1 year high of C$77.40. The stock has a market cap of C$2.65 billion, a P/E ratio of 8.47, a P/E/G ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Thursday, April 9th. The company reported C$1.96 EPS for the quarter. Cogeco Communications had a net margin of 11.13% and a return on equity of 9.93%. The business had revenue of C$693.56 million during the quarter.

Cogeco Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, May 7th will be issued a $0.987 dividend. This represents a $3.95 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 23rd. Cogeco Communications’s payout ratio is presently 51.32%.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.