National Bank Financial Comments on TSE:CCA FY2027 Earnings

Cogeco Communications Inc. (TSE:CCA - Free Report) - National Bank Financial issued their FY2027 earnings estimates for Cogeco Communications in a research note issued on Thursday, January 9th. National Bank Financial analyst A. Shine expects that the company will earn $8.08 per share for the year. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Cogeco Communications' current full-year earnings is $8.49 per share.

Other research analysts also recently issued reports about the stock. National Bankshares upgraded shares of Cogeco Communications from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$64.00 to C$80.00 in a research report on Friday, September 20th. Canaccord Genuity Group upgraded Cogeco Communications from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$65.00 to C$77.00 in a research report on Monday, November 4th. Scotiabank raised their price objective on Cogeco Communications from C$73.50 to C$77.50 in a research note on Monday, November 4th. BMO Capital Markets upped their target price on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Finally, TD Securities boosted their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cogeco Communications has an average rating of "Moderate Buy" and an average price target of C$77.06.

Cogeco Communications Price Performance

Shares of TSE:CCA traded down C$0.28 during midday trading on Monday, hitting C$67.43. The stock had a trading volume of 60,802 shares, compared to its average volume of 55,335. The company's 50-day moving average price is C$69.24 and its 200-day moving average price is C$65.27. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. The company has a market capitalization of C$2.02 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Insiders Place Their Bets

In other news, Director Jacques Royer sold 657 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the transaction, the director now owns 1 shares of the company's stock, valued at C$68.86. This represents a 99.85 % decrease in their position. Also, Director Robin Anne Bienenstock bought 2,156 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of C$69.66 per share, with a total value of C$150,189.33. 0.46% of the stock is currently owned by corporate insiders.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were paid a dividend of $0.922 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.69 annualized dividend and a yield of 5.47%. This is a boost from Cogeco Communications's previous quarterly dividend of $0.85. Cogeco Communications's dividend payout ratio (DPR) is currently 43.62%.

About Cogeco Communications

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.