Cogeco Communications Inc. (TSE:CCA) Receives C$73.11 Average Price Target from Brokerages

Cogeco Communications Inc. (TSE:CCA) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$73.11.

Several equities research analysts have commented on CCA shares. National Bank Financial decreased their price objective on shares of Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a research note on Monday, August 31st. Royal Bank Of Canada cut their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. Finally, Desjardins set a C$68.00 price target on Cogeco Communications and gave the company a “hold” rating in a research report on Wednesday, July 15th.

Cogeco Communications Trading Up 0.8%

TSE CCA opened at C$60.48 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79. The business has a fifty day simple moving average of C$61.51 and a 200 day simple moving average of C$65.15. Cogeco Communications has a 12 month low of C$58.42 and a 12 month high of C$77.40. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -2.29, a PEG ratio of 4.77 and a beta of 0.97.

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

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, August 12th were issued a $0.987 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $3.95 annualized dividend and a dividend yield of 6.5%. Cogeco Communications’s dividend payout ratio is presently -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.