Brokerages Set Cogeco Communications Inc. (TSE:CCA) Target Price at C$76.60

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$76.60.

A number of research firms have recently issued reports on CCA. Royal Bank of Canada lifted their price objective on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a report on Wednesday, April 9th. Canaccord Genuity Group raised their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a report on Friday, April 11th. National Bankshares set a C$85.00 target price on Cogeco Communications and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Scotiabank set a C$75.00 price target on Cogeco Communications and gave the company a "sector perform" rating in a research note on Thursday, April 17th.

Cogeco Communications Stock Down 0.7%

Shares of TSE:CCA traded down C$0.50 during midday trading on Tuesday, reaching C$67.71. 66,625 shares of the company were exchanged, compared to its average volume of 86,750. The stock has a fifty day simple moving average of C$66.97 and a two-hundred day simple moving average of C$66.62. The firm has a market cap of C$2.85 billion, a PE ratio of 8.20, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09.

Cogeco Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th were given a dividend of $0.922 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $3.69 dividend on an annualized basis and a yield of 5.45%. Cogeco Communications's dividend payout ratio (DPR) is 41.40%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.