Cogeco Communications Inc. (TSE:CCA) Given Consensus Recommendation of “Hold” by Brokerages

Cogeco Communications Inc. (TSE:CCA) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$76.03.

Several equities analysts recently commented on the stock. TD Securities increased their price objective on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. BMO Capital Markets cut their price target on shares of Cogeco Communications from C$75.00 to C$70.00 in a research note on Friday, October 31st. Desjardins set a C$71.00 price target on shares of Cogeco Communications and gave the stock a “hold” rating in a report on Monday, January 12th. National Bankshares boosted their price objective on shares of Cogeco Communications from C$66.00 to C$71.00 in a report on Friday, January 16th. Finally, Scotiabank upped their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday, January 12th.

Cogeco Communications Stock Down 0.6%

Cogeco Communications stock opened at C$71.21 on Wednesday. Cogeco Communications has a 1-year low of C$59.10 and a 1-year high of C$74.39. The business has a fifty day moving average price of C$67.09 and a 200-day moving average price of C$65.79. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The stock has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 4.77 and a beta of 0.65.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. The company had revenue of C$707.25 million during the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%. Equities research analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were issued a $0.987 dividend. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.92. This represents a $3.95 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Cogeco Communications’s dividend payout ratio is currently 51.34%.

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. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.