Cogeco Communications Inc. (TSE:CCA) Receives C$74.33 Average PT from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$73.22.

A number of brokerages have recently commented on CCA. TD upgraded Cogeco Communications from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$85.00 to C$83.00 in a research note on Monday, April 13th. National Bank Financial downgraded Cogeco Communications from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$75.00 to C$70.00 in a report on Friday, July 17th. Canaccord Genuity Group dropped their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. TD Securities raised shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Scotiabank decreased their target price on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating for the company in a research note on Monday, April 13th.

Cogeco Communications Trading Down 1.5%

TSE CCA opened at C$61.86 on Wednesday. The company has a market capitalization of C$2.60 billion, a PE ratio of -2.34, a P/E/G ratio of 4.77 and a beta of 0.93. The company has a fifty day moving average of C$64.32 and a 200 day moving average of C$66.95. Cogeco Communications has a 1 year low of C$60.89 and a 1 year high of C$77.40. The company has a debt-to-equity ratio of 241.79, a current ratio of 0.47 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. The company had revenue of C$696.68 million for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Research analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th will be given a dividend of $0.987 per share. This represents a $3.95 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, July 29th. Cogeco Communications’s dividend payout ratio (DPR) is currently -14.69%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.