Cogeco Communications Inc. (TSE:CCA) insider Luc Noiseux sold 165 shares of Cogeco Communications stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$89.84, for a total transaction of C$14,823.60.

Cogeco Communications Inc. (CCA) opened at C$94.06 on Wednesday. Cogeco Communications Inc. has a 1-year low of C$63.64 and a 1-year high of C$95.21.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be paid a dividend of $0.475 per share. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.43. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, November 15th. Cogeco Communications’s payout ratio is currently 21.39%.

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A number of brokerages recently issued reports on CCA. Macquarie lowered shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price target for the company. in a research note on Wednesday, September 20th. Scotiabank reaffirmed an “outperform” rating and issued a C$102.00 price objective on shares of Cogeco Communications in a report on Monday, November 6th. TD Securities lifted their price objective on shares of Cogeco Communications from C$83.00 to C$87.00 and gave the stock a “reduce” rating in a report on Monday, November 6th. National Bank Financial lifted their price objective on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$94.00 price objective on shares of Cogeco Communications in a report on Monday, November 6th. Two equities 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$91.17.

About Cogeco Communications

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.

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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