Cogeco Communications Inc (CCA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cogeco Communications Inc (TSE:CCA) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the stock. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$70.89.
Several equities research analysts recently weighed in on CCA shares. National Bank Financial decreased their price objective on Cogeco Communications from C$72.00 to C$67.00 in a report on Friday, November 4th. Barclays PLC raised their target price on Cogeco Communications from C$65.00 to C$70.00 and gave the stock an “equal weight” rating in a research note on Friday, November 4th. TD Securities raised their target price on Cogeco Communications from C$68.00 to C$70.00 and gave the stock a “hold” rating in a research note on Friday, November 4th. Finally, Scotiabank restated an “outperform” rating and issued a C$75.00 target price on shares of Cogeco Communications in a research note on Friday, November 4th.
Shares of Cogeco Communications (TSE:CCA) opened at 61.89 on Monday. The firm’s market cap is $3.04 billion. Cogeco Communications has a 52-week low of $58.32 and a 52-week high of $71.67. The firm has a 50-day moving average of $63.02 and a 200 day moving average of $64.47.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 30th will be given a $0.43 dividend. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.78%.
Cogeco Communications Company Profile
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based telecommunications company. It operates into three segments: Canadian cable services, American cable services and Enterprise data services. The Canadian and American cable services segments provide a wide range of Television, High Speed Internet (HSI) and Telephony services primarily to residential customers.
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