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

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

CCA has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Royal Bank Of Canada raised 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 research report on Wednesday, April 9th. National Bankshares set a C$85.00 target price on Cogeco Communications and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Scotiabank set a C$75.00 target price on Cogeco Communications and gave the stock a "sector perform" rating in a research note on Thursday, April 17th.

Cogeco Communications Stock Performance

Shares of TSE:CCA traded down C$0.28 during trading on Friday, reaching C$72.23. The company had a trading volume of 40,951 shares, compared to its average volume of 81,694. Cogeco Communications has a fifty-two week low of C$50.86 and a fifty-two week high of C$75.09. 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 stock's fifty day moving average price is C$68.67 and its 200 day moving average price is C$66.62. The firm has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th were issued a $0.922 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $3.69 dividend on an annualized basis and a yield of 5.11%. Cogeco Communications's dividend payout ratio (DPR) is presently 41.40%.

About Cogeco Communications

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.