Cogeco Communications Inc. (TSE:CCA) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus "Moderate Buy": Seven analysts rate Cogeco Communications a Moderate Buy with an average 12‑month target of C$75.11, and recent upgrades include TD raising to strong‑buy and National Bank raising to outperform (C$80 target).
• Attractive dividend: The company announced a quarterly dividend of C$0.987 (annualized C$3.95) implying a 6.3% yield
• Valuation and financials: Shares opened at C$62.94 (12‑month range C$60.89–C$77.40) with a low PE of 8.46 and last quarter EPS of C$1.96 on C$693.6M revenue, but the firm has high leverage (debt‑to‑equity ~141.6) and low liquidity (current ratio ~0.47).

Cogeco Communications Inc. (TSE:CCA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$75.11.

A number of research analysts recently weighed in on CCA shares. TD Securities raised Cogeco Communications from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. TD raised Cogeco Communications from a "hold" rating to a "buy" rating and dropped their price objective for the stock from C$85.00 to C$83.00 in a report on Monday, April 13th. Desjardins dropped their price objective on Cogeco Communications from C$71.00 to C$68.00 and set a "hold" rating on the stock in a report on Monday, April 13th. Scotiabank dropped their price objective on Cogeco Communications from C$74.25 to C$72.00 and set a "sector perform" rating on the stock in a report on Monday, April 13th. Finally, National Bank Financial raised Cogeco Communications from a "hold" rating to an "outperform" rating and upped their price objective for the stock from C$71.00 to C$80.00 in a report on Wednesday, February 25th.

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$62.94 on Friday. Cogeco Communications has a 12 month low of C$60.89 and a 12 month high of C$77.40. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The business has a 50 day simple moving average of C$68.89 and a 200-day simple moving average of C$67.64. The stock has a market capitalization of C$2.64 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA - Get Free Report) last released its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 EPS for the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%.The business had revenue of C$693.56 million during the quarter. Equities analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Cogeco Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, May 7th will be issued a dividend of $0.987 per share. This represents a $3.95 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 23rd. Cogeco Communications's dividend payout ratio is currently 51.32%.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.

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