Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$67.30 and traded as high as C$67.65. Cogeco Communications shares last traded at C$67.62, with a volume of 42,502 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Scotiabank cut their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th. CIBC cut their price objective on Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$76.17.
Read Our Latest Report on Cogeco Communications
Cogeco Communications Stock Down 1.2 %
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 has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 4.77 and a beta of 0.59. The stock has a fifty day moving average of C$64.84 and a two-hundred day moving average of C$67.36.
Cogeco Communications Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.39%. Cogeco Communications's dividend payout ratio (DPR) is currently 41.40%.
About Cogeco Communications
(
Get Free Report)
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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