Cogeco Communications Inc (CCA) Given New C$96.00 Price Target at National Bank Financial
Cogeco Communications Inc (TSE:CCA) had its target price hoisted by National Bank Financial from C$92.00 to C$96.00 in a report published on Tuesday. The brokerage currently has a sector perform rating on the stock.
Several other analysts have also recently issued reports on CCA. Barclays PLC upped their price target on shares of Cogeco Communications from C$80.00 to C$90.00 in a report on Monday. Scotiabank reaffirmed an outperform rating and issued a C$102.00 price target on shares of Cogeco Communications in a report on Monday. Canaccord Genuity cut shares of Cogeco Communications from a buy rating to a hold rating and upped their price target for the company from C$89.00 to C$93.00 in a report on Monday. TD Securities upped their price target on shares of Cogeco Communications from C$83.00 to C$87.00 and gave the company a reduce rating in a report on Monday. Finally, BMO Capital Markets upped their price target on shares of Cogeco Communications from C$82.00 to C$84.00 and gave the company a market perform rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of C$91.17.
Shares of Cogeco Communications (CCA) opened at C$85.14 on Tuesday. Cogeco Communications has a twelve month low of C$60.62 and a twelve month high of C$95.21.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, November 15th.
Cogeco Communications Company Profile
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.
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