FY2025 EPS Forecast for Cogeco Communications Cut by Analyst

Cogeco Communications Inc. (TSE:CCA) – Research analysts at Scotiabank decreased their FY2025 earnings per share estimates for shares of Cogeco Communications in a research report issued on Wednesday, January 8th. Scotiabank analyst M. Yaghi now expects that the company will earn $8.32 per share for the year, down from their previous estimate of $9.09. 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. Canaccord Genuity Group raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and raised their price objective for the company from C$65.00 to C$77.00 in a research note on Monday, November 4th. TD Securities raised their price objective on Cogeco Communications from C$85.00 to C$89.00 in a research note on Monday, November 4th. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th. BMO Capital Markets upped their target price on shares of Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday, November 4th. Finally, Royal Bank of Canada raised their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$77.06.

Cogeco Communications Price Performance

Shares of CCA stock opened at C$67.71 on Monday. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. The stock has a 50-day moving average price of C$69.24 and a 200 day moving average price of C$65.27.

Insiders Place Their Bets

In related news, Director Robin Anne Bienenstock bought 2,156 shares of Cogeco Communications stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of C$69.66 per share, with a total value of C$150,189.33. Also, Director Jacques Royer sold 657 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total value of C$45,241.02. Following the completion of the transaction, the director now owns 1 shares in the company, valued at C$68.86. The trade was a 99.85 % decrease in their position. Corporate insiders own 0.46% of the company’s stock.

Cogeco Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were given a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a yield of 5.45%. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, November 14th. Cogeco Communications’s dividend payout ratio (DPR) is currently 43.62%.

About Cogeco Communications

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.