Cogeco Communications Inc. (TSE:CCA) Receives C$74.33 Consensus PT from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$73.22.

Several equities research analysts have recently weighed in on the company. TD Securities raised Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. TD raised Cogeco Communications from a “hold” rating to a “buy” rating and cut their target price for the stock from C$85.00 to C$83.00 in a research report on Monday, April 13th. Scotiabank reduced their target price on Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. National Bank Financial cut Cogeco Communications from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$75.00 to C$70.00 in a research note on Friday. Finally, Royal Bank Of Canada cut their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th.

Cogeco Communications Stock Up 1.0%

CCA stock opened at C$63.31 on Wednesday. The firm has a market cap of C$2.66 billion, a PE ratio of 8.51, a P/E/G ratio of 4.77 and a beta of 0.93. Cogeco Communications has a 12 month low of C$60.89 and a 12 month high of C$77.40. The company has a debt-to-equity ratio of 241.79, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a 50 day simple moving average of C$64.36 and a 200 day simple moving average of C$67.00.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 earnings per share (EPS) for the quarter. The firm had revenue of C$696.68 million for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Equities research analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, May 7th were given a $0.987 dividend. This represents a $3.95 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, April 23rd. Cogeco Communications’s dividend payout ratio (DPR) is 51.32%.

Cogeco Communications Company Profile

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.