Cogeco Communications (TSE:CCA) Upgraded at Desjardins

Desjardins upgraded shares of Cogeco Communications (TSE:CCA) to a hold rating in a report issued on Wednesday,Zacks.com reports.

CCA has been the subject of a number of other reports. CIBC lifted their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. National Bankshares increased their price target on shares of Cogeco Communications from C$66.00 to C$71.00 in a report on Friday, January 16th. Scotiabank lifted their price target on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. BMO Capital Markets decreased their price objective on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Finally, TD Securities raised their price objective on Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$76.03.

Cogeco Communications Stock Up 0.5%

Shares of CCA opened at C$65.63 on Wednesday. The stock has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 4.77 and a beta of 0.65. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$74.39. The business’s 50 day simple moving average is C$67.61 and its 200-day simple moving average is C$65.69. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. The firm had revenue of C$707.25 million during the quarter. As a group, equities analysts expect that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.987 per share. This represents a $3.95 annualized dividend and a dividend yield of 6.0%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.92. The ex-dividend date was Wednesday, November 12th. Cogeco Communications’s dividend payout ratio (DPR) is presently 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.