Scotiabank set a C$75.00 target price on Cogeco Communications (TSE:CCA - Free Report) in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock. Scotiabank also issued estimates for Cogeco Communications' FY2026 earnings at $8.10 EPS.
Other equities research analysts have also issued research reports about the stock. CIBC decreased their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Royal Bank of Canada lifted their price target on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 9th. Finally, Canaccord Genuity Group increased their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Cogeco Communications currently has an average rating of "Moderate Buy" and a consensus target price of C$76.10.
Read Our Latest Stock Analysis on Cogeco Communications
Cogeco Communications Price Performance
Shares of CCA traded up C$0.71 during mid-day trading on Thursday, hitting C$65.69. 53,074 shares of the stock were exchanged, compared to its average volume of 106,656. The firm has a 50-day moving average of C$66.34 and a two-hundred day moving average of C$67.35. Cogeco Communications has a 52-week low of C$50.82 and a 52-week high of C$75.09. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The company has a market cap of C$2.76 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.
Cogeco Communications Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.922 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $3.69 annualized dividend and a yield of 5.61%. Cogeco Communications's dividend payout ratio (DPR) 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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