Cogeco Communications Inc. (TSE:CCA) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$76.10.

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

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$68.59 on Friday. The company has a market cap of C$2.88 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 4.77 and a beta of 0.59. The firm's fifty day moving average is C$66.75 and its 200 day moving average is C$66.86. 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 52-week low of C$50.82 and a 52-week high of C$75.09.

Cogeco Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders 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 5.38%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.