Cogeco Communications Inc. (TSE:CCA) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$75.50.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Royal Bank of Canada raised their price objective on Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Scotiabank lifted their price target on Cogeco Communications from C$73.50 to C$77.50 in a report on Monday, November 4th. National Bankshares raised shares of Cogeco Communications from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$64.00 to C$80.00 in a research report on Friday, September 20th. Finally, National Bank Financial upgraded shares of Cogeco Communications from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 19th.

Insider Buying and Selling at Cogeco Communications

In related news, Director Jacques Royer sold 657 shares of Cogeco Communications stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$68.86, for a total value of C$45,241.02. Following the completion of the sale, the director now owns 1 shares in the company, valued at approximately C$68.86. The trade was a 99.85 % decrease in their ownership of the stock. 0.46% of the stock is owned by corporate insiders.

Cogeco Communications Price Performance

Cogeco Communications stock traded up C$0.71 during midday trading on Friday, reaching C$69.28. 33,525 shares of the company were exchanged, compared to its average volume of 75,091. The firm's 50-day simple moving average is C$69.46 and its 200-day simple moving average is C$61.82. Cogeco Communications has a 1 year low of C$50.82 and a 1 year high of C$72.91. The company has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41.

Cogeco Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th will be issued a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Cogeco Communications's previous quarterly dividend of $0.85. Cogeco Communications's dividend payout ratio is currently 43.62%.

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.