Cogeco Communications Inc. (TSE:CCA - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$76.60.
Several equities analysts recently issued reports on the stock. Scotiabank set a C$75.00 price target on shares of Cogeco Communications and gave the company a "sector perform" rating in a report on Thursday, April 17th. Canaccord Genuity Group raised their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada boosted their target price on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 9th. Finally, National Bankshares set a C$85.00 price target on Cogeco Communications and gave the stock an "outperform" rating in a research report on Friday.
Check Out Our Latest Analysis on CCA
Cogeco Communications Price Performance
Shares of Cogeco Communications stock traded down C$0.05 during midday trading on Tuesday, hitting C$67.38. 24,791 shares of the company were exchanged, compared to its average volume of 87,828. The firm has a 50 day simple moving average of C$66.95 and a 200-day simple moving average of C$66.60. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The firm has a market cap of C$2.83 billion, a P/E ratio of 8.16, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52 week low of C$50.82 and a 52 week high of C$75.09.
Cogeco Communications Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were issued a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is currently 41.40%.
About Cogeco Communications
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Get Free ReportCogeco 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.
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