Cogeco Communications (CCA) PT Lowered to C$90.00
Other equities analysts have also recently issued reports about the stock. Macquarie cut 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 set a C$102.00 price target on shares of Cogeco Communications in a research note on Monday, November 6th. TD Securities raised their price target on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the stock a hold rating in a research note on Friday. CIBC raised their price target on shares of Cogeco Communications from C$78.00 to C$93.00 in a research note on Monday, January 8th. Finally, National Bank Financial raised their price target on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the stock a sector perform rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$88.95.
Shares of Cogeco Communications (CCA) opened at C$79.10 on Friday. The company has a market cap of $3,920.00, a P/E ratio of 13.07 and a beta of 0.71. Cogeco Communications has a fifty-two week low of C$68.69 and a fifty-two week high of C$95.21.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, February 7th will be paid a $0.475 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.90 annualized dividend and a dividend yield of 2.40%. Cogeco Communications’s dividend payout ratio is presently 29.17%.
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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.
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