Cogeco Communications Inc. (TSE:CCA) Receives C$76.17 Consensus Price Target from Brokerages

Cogeco Communications Inc. (TSE:CCA) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$76.17.

Several brokerages recently commented on CCA. CIBC cut their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Scotiabank reduced their price target on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th.

Cogeco Communications Trading Up 2.6 %

TSE CCA opened at C$70.18 on Thursday. The stock’s fifty day moving average price is C$65.01 and its 200-day moving average price is C$67.39. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The stock has a market cap of C$2.95 billion, a P/E ratio of 8.49, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09.

Cogeco Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 10th were given a $0.922 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $3.69 annualized dividend and a yield of 5.26%. Cogeco Communications’s payout ratio is 41.40%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.