FY2025 EPS Estimates for TSE:CCA Increased by Analyst

Cogeco Communications Inc. (TSE:CCA) – Research analysts at National Bank Financial lifted their FY2025 earnings estimates for Cogeco Communications in a research report issued on Tuesday, January 14th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $8.21 per share for the year, up from their prior forecast of $8.20. 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 $8.10 EPS.

Several other brokerages have also recently commented on CCA. National Bankshares upgraded shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. Scotiabank cut their price target on Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday. Canaccord Genuity Group raised Cogeco Communications from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$65.00 to C$77.00 in a report on Monday, November 4th. Finally, CIBC lowered their target price on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$76.17.

Cogeco Communications Trading Down 0.5 %

Cogeco Communications stock opened at C$62.10 on Friday. The stock has a 50-day moving average price of C$68.48 and a 200 day moving average price of C$65.68. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth 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. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88.

Insiders Place Their Bets

In other news, Director Jacques Royer sold 657 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1 shares in the company, valued at C$68.86. This trade represents a 99.85 % decrease in their ownership of the stock. Also, Director Robin Anne Bienenstock purchased 2,156 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of C$69.66 per share, with a total value of C$150,189.33. 0.46% of the stock is currently owned by company insiders.

Cogeco Communications Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were issued a $0.922 dividend. This represents a $3.69 annualized dividend and a yield of 5.94%. The ex-dividend date was Thursday, November 14th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. Cogeco Communications’s payout ratio is presently 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.