TSE:CCA FY2025 EPS Estimate Cut by National Bank Financial

Cogeco Communications Inc. (TSE:CCA) – Investment analysts at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Cogeco Communications in a report released on Sunday, November 3rd. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $7.92 for the year, down from their previous estimate of $8.52. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Cogeco Communications’ FY2026 earnings at $7.94 EPS.

A number of other research firms have also recently commented on CCA. Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and raised their target price for the company from C$65.00 to C$77.00 in a research report on Monday. Scotiabank raised their target price on Cogeco Communications from C$73.50 to C$77.50 in a research report on Monday. Desjardins raised their target price on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Bank of America upgraded Cogeco Communications from an “underperform” rating to a “buy” rating and raised their target price for the company from C$60.00 to C$65.00 in a research report on Wednesday, July 17th. Finally, National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$64.00 to C$80.00 in a research report on Friday, September 20th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$75.50.

Cogeco Communications Price Performance

Shares of CCA opened at C$70.74 on Tuesday. The business’s 50-day moving average is C$68.15 and its two-hundred day moving average is C$60.63. The company has a market capitalization of C$2.12 billion, a P/E ratio of 9.02, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.40.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th will be paid a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 5.21%. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, November 14th. Cogeco Communications’s dividend payout ratio (DPR) is 43.62%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.