Cogeco Communications (TSE:CCA) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$67.22 and traded as high as C$68.64. Cogeco Communications shares last traded at C$67.27, with a volume of 67,471 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCA shares. Scotiabank lowered their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a research note on Wednesday, January 15th. CIBC dropped their price target on Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$76.17.

Cogeco Communications Stock Up 0.7 %

The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. 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 business has a fifty day moving average price of C$64.41 and a two-hundred day moving average price of C$67.26.

Cogeco Communications Dividend Announcement

The business also recently disclosed 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 was Monday, January 27th. This represents a $3.69 annualized dividend and a yield of 5.53%. Cogeco Communications's dividend payout ratio is presently 41.40%.

Remove Ads

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.