Shares of Cogeco Communications Inc (TSE:CCA) have received an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$88.29.

A number of research analysts recently weighed in on the stock. Desjardins lifted their price objective on shares of Cogeco Communications from C$81.00 to C$87.00 in a report on Thursday, February 28th. CIBC lifted their price objective on shares of Cogeco Communications from C$85.00 to C$94.00 in a report on Thursday, February 28th. Echelon Wealth Partners restated a “buy” rating on shares of Cogeco Communications in a report on Monday, January 14th. Barclays lifted their price objective on shares of Cogeco Communications from C$70.00 to C$73.00 in a report on Monday, January 14th. Finally, National Bank Financial lifted their price objective on shares of Cogeco Communications from C$84.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, February 28th.

Shares of CCA stock traded up C$0.18 during trading on Monday, reaching C$90.52. The company’s stock had a trading volume of 83,218 shares, compared to its average volume of 92,712. The company has a debt-to-equity ratio of 165.78, a quick ratio of 0.59 and a current ratio of 0.70. The stock has a market capitalization of $4.33 billion and a P/E ratio of 13.19. Cogeco Communications has a 1-year low of C$61.68 and a 1-year high of C$92.33.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Thursday, January 10th. The company reported C$1.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.50 by C($0.09). The company had revenue of C$643.33 million for the quarter. On average, research analysts forecast that Cogeco Communications will post 6.84000029046577 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, April 22nd. Cogeco Communications’s dividend payout ratio (DPR) is presently 29.15%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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