Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$67.12 and traded as high as C$67.98. Cogeco Communications shares last traded at C$66.46, with a volume of 144,878 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have commented on CCA. CIBC dropped their price target on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Scotiabank dropped their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$76.17.
Get Our Latest Report on Cogeco Communications
Cogeco Communications Price Performance
The stock's 50-day moving average is C$64.65 and its 200 day moving average is C$67.16. The stock has a market capitalization of C$2.83 billion, a PE ratio of 8.15, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.
Cogeco Communications Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors 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 yield of 5.48%. The ex-dividend date of this dividend was Monday, January 27th. Cogeco Communications's payout ratio is presently 41.40%.
About Cogeco Communications
(
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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.
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