Cogeco Communications Inc. (TSE:CCA) Receives Average Recommendation of “Moderate Buy” from Analysts

Cogeco Communications Inc. (TSE:CCA) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$76.17.

A number of brokerages have issued reports on CCA. TD Securities raised their target price on Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. CIBC reduced their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Canaccord Genuity Group raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and upped their target price for the company from C$65.00 to C$77.00 in a research note on Monday, November 4th. Scotiabank reduced their price target on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th.

Cogeco Communications Price Performance

CCA opened at C$65.77 on Friday. The company has a fifty day moving average price of C$64.75 and a two-hundred day moving average price of C$67.06. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The firm has a market capitalization of C$2.76 billion, a PE ratio of 7.96, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52 week low of C$50.82 and a 52 week high of C$75.09.

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 10th were paid a $0.922 dividend. This represents a $3.69 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Monday, January 27th. Cogeco Communications’s dividend payout ratio is 41.40%.

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.