Cogeco Communications Inc. (TSE:CCA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Cogeco Communications Inc. (TSE:CCA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$76.10.

CCA has been the subject of a number of recent research reports. Royal Bank of Canada upped their price target on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 9th. Scotiabank set a C$75.00 target price on shares of Cogeco Communications and gave the stock a "sector perform" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group raised their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research report on Friday, April 11th.

Cogeco Communications Stock Performance

Shares of Cogeco Communications stock opened at C$68.18 on Friday. 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$2.87 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The stock's 50-day moving average is C$66.86 and its 200-day moving average is C$66.83. Cogeco Communications has a one year low of C$50.82 and a one year high of C$75.09.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were given a $0.922 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.41%. Cogeco Communications's payout ratio is 41.40%.

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.