Cogeco Communications Inc. (TSE:CCA) Receives C$76.17 Average PT from Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$76.17.

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

Cogeco Communications Stock Performance

TSE:CCA traded down C$0.80 during midday trading on Thursday, reaching C$68.40. The stock had a trading volume of 45,895 shares, compared to its average volume of 109,400. The stock has a market capitalization of C$2.87 billion, a P/E ratio of 8.28, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 1-year low of C$50.82 and a 1-year high of C$75.09. 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's fifty day simple moving average is C$64.84 and its 200-day simple moving average is C$67.36.

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Cogeco Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Monday, January 27th. Cogeco Communications's dividend payout ratio is presently 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.