FY2025 EPS Estimates for TSE:CCA Lowered by Analyst

Cogeco Communications Inc. (TSE:CCA - Free Report) - Equities research analysts at National Bank Financial decreased their FY2025 earnings per share estimates for shares of Cogeco Communications in a note issued to investors on Sunday, November 3rd. National Bank Financial analyst A. Shine now expects that the company will earn $7.92 per share for the year, down from their prior estimate of $8.52. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Cogeco Communications' current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Cogeco Communications' FY2026 earnings at $7.94 EPS.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada increased their price target on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Bank of America raised Cogeco Communications from an "underperform" rating to a "buy" rating and raised their price target for the stock from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. BMO Capital Markets upped their price objective on shares of Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday. National Bankshares raised shares of Cogeco Communications from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$64.00 to C$80.00 in a research report on Friday, September 20th. Finally, Canaccord Genuity Group raised shares of Cogeco Communications from a "hold" rating to a "buy" rating and increased their price target for the stock from C$65.00 to C$77.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$75.50.

Cogeco Communications Price Performance

Shares of TSE:CCA traded up C$0.80 on Tuesday, hitting C$70.74. The company had a trading volume of 129,619 shares, compared to its average volume of 76,904. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. The company has a market cap of C$2.12 billion, a PE ratio of 8.92, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52-week low of C$50.78 and a 52-week high of C$72.40. The business has a 50 day moving average of C$68.03 and a 200 day moving average of C$60.55.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th will be issued a $0.922 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.69 dividend on an annualized basis and a yield of 5.21%. 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%.

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.