Cogeco Communications Inc. (TSE:CCA) Receives C$76.03 Average Target Price from Analysts

Cogeco Communications Inc. (TSE:CCA) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$76.03.

Several research firms have issued reports on CCA. Desjardins set a C$71.00 target price on Cogeco Communications and gave the company a “hold” rating in a research note on Monday, January 12th. TD Securities raised their price objective on Cogeco Communications from C$95.00 to C$100.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. BMO Capital Markets decreased their target price on shares of Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. CIBC increased their target price on shares of Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Finally, National Bankshares boosted their price objective on Cogeco Communications from C$66.00 to C$71.00 in a research note on Friday, January 16th.

Cogeco Communications Trading Up 1.0%

Shares of TSE CCA opened at C$72.24 on Wednesday. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The firm has a 50-day moving average of C$67.44 and a 200 day moving average of C$65.86. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$74.39. The stock has a market cap of C$3.03 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 4.77 and a beta of 0.65.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. The business had revenue of C$707.25 million for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. As a group, sell-side analysts expect that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.987 per share. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.92. The ex-dividend date was Wednesday, November 12th. This represents a $3.95 dividend on an annualized basis and a yield of 5.5%. Cogeco Communications’s dividend payout ratio (DPR) is currently 51.34%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.