Cogeco Communications (CCA) Stock Price, News & Analysis

Company Overview

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. It also provides Internet packages comprising best-in-class managed Wi-Fi and with home Wi-Fi solutions; voice services; and other advanced network connectivity services, such as dedicated fibre, session initiation protocol (SIP) or primary rate interface (PRI) trunking solutions, hosted private branch exchange (HPBX) solutions, and managed business Wi-Fi (MBW) through its long-distance fibre optic systems, advanced hybrid fibre-coaxial (HFC) telecommunications distribution networks, point-to-point fibre networks, and fibre-to-the-home (FTTH) network technologies. In addition, the company offers e-mail solutions and Internet security suite to Internet customers with automatic updates to protect their desktop and mobile devices; and self-installation devices on a rental basis. Further, it provides cable operator services under the Cogeco Connexion name in Québec and Ontario, Canada; and in the United States under the Breezeline brand. The company was formerly known as Cogeco Cable Inc. and changed its name to Cogeco Communications Inc. in January 2016. Cogeco Communications Inc. was founded in 1957 and is headquartered in Montreal, Canada. Cogeco Communications Inc. operates as a subsidiary of Cogeco Inc.

Key Stats

• Today's Range: C$68.69 to C$69.76
• 50-Day Range: C$65.33 to C$72.13
• 52-Week Range: C$50.82 to C$72.91
• Volume: 25,558 shs
• Average Volume: 74,874 shs
• Market Capitalization: C$2.07 billion
• P/E Ratio: 8.80
• Dividend Yield: 4.96%
• Price Target: C$75.50
• Consensus Rating: Moderate Buy

Cogeco Communications Stock Analysis - MarketRank™

Cogeco Communications scored higher than 36% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cogeco Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cogeco Communications has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cogeco Communications is 8.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cogeco Communications is 8.80, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 316.44.

Price to Earnings Growth Ratio

Cogeco Communications has a PEG Ratio of 4.77. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Cogeco Communications has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CCA.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Cogeco Communications is a leading dividend payer. It pays a dividend yield of 5.00%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cogeco Communications does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cogeco Communications is 43.62%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CCA.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.24

News Sentiment

Cogeco Communications has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cogeco Communications this week, compared to 1 article on an average week.

MarketBeat Follows

3 people have added Cogeco Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cogeco Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$45,241.00 in company stock.

Percentage Held by Insiders

Only 0.46% of the stock of Cogeco Communications is held by insiders.

Percentage Held by Institutions

43.42% of the stock of Cogeco Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCA Stock Analysis - Frequently Asked Questions

How have CCA shares performed this year?

Cogeco Communications' stock was trading at C$59.35 at the start of the year. Since then, CCA shares have increased by 16.3% and is now trading at C$69.00.
View the best growth stocks for 2024 here.

How do I buy shares of Cogeco Communications?

Shares of CCA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Cogeco Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cogeco Communications investors own include Constellation Software (CSU), Intact Financial (IFC), AutoCanada (ACQ), AbbVie (ABBV), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD) and Enbridge (ENB).

Company Calendar

• Ex-Dividend for 11/28 Dividend: 11/14/2024
• Today: 11/25/2024
• Dividend Payable: 11/28/2024
• Next Earnings (Estimated): 1/08/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Communication Services
• Industry: Telecom Services
• Sub-Industry: Financial Services
• Current Symbol: TSE:CCA
• CUSIP: N/A
• CIK: N/A
• Web: corpo.cogeco.com
• Phone: +1-514-7644700
• Fax: N/A
• Employees: 4,070
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$75.50
• High Stock Price Target: C$89.00
• Low Stock Price Target: C$63.00
• Potential Upside/Downside: +9.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.64
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$7.84
• Trailing P/E Ratio: 8.80
• Forward P/E Ratio: 8.13
• P/E Growth: 4.77
• Net Income: C$340.08 million
• Net Margins: 11.44%
• Pretax Margin: N/A
• Return on Equity: 10.52%
• Return on Assets: 4.96%

Debt

• Debt-to-Equity Ratio: 142.88
• Current Ratio: 0.41
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: C$2.97 billion
• Price / Sales: 0.70
• Cash Flow: C$7.46 per share
• Price / Cash Flow: 9.26
• Book Value: C$70.86 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 30,000,000
• Free Float: N/A
• Market Cap: C$2.07 billion
• Optionable: Not Optionable
• Beta: 0.59