Desjardins Has Positive Outlook of TSE:CCA FY2025 Earnings

Cogeco Communications Inc. (TSE:CCA - Free Report) - Investment analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for Cogeco Communications in a report issued on Sunday, November 3rd. Desjardins analyst J. Dubreuil now anticipates that the company will earn $9.02 per share for the year, up from their prior forecast of $7.60. Desjardins has a "Hold" rating and a $69.00 price target on the stock. The consensus estimate for Cogeco Communications' current full-year earnings is $8.49 per share.

Other equities research analysts have also issued research reports about the company. National Bank Financial upgraded Cogeco Communications from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 19th. Scotiabank upped their price objective on Cogeco Communications from C$73.50 to C$77.50 in a research report on Monday. TD Securities upped their price objective on Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday. Bank of America raised Cogeco Communications from an "underperform" rating to a "buy" rating and upped their target price for the stock from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Finally, BMO Capital Markets upped their target price on Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$75.50.

Cogeco Communications Stock Performance

TSE CCA traded up C$0.14 during trading hours on Wednesday, reaching C$70.88. The stock had a trading volume of 73,646 shares, compared to its average volume of 76,888. 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 has a 52-week low of C$50.78 and a 52-week high of C$72.40. The stock has a fifty day moving average of C$68.27 and a 200 day moving average of C$60.73. The stock has a market cap of C$2.13 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, November 28th will be paid a $0.922 dividend. This is an increase from Cogeco Communications's previous quarterly dividend of $0.85. This represents a $3.69 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, November 14th. 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.