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

Cogeco Communications Inc. (TSE:CCA - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, Marketbeat reports. Three investment 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$76.60.

A number of analysts recently commented on CCA shares. Royal Bank Of Canada lifted their price target 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. Canaccord Genuity Group increased 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. Scotiabank set a C$75.00 price target on Cogeco Communications and gave the company a "sector perform" rating in a report on Thursday, April 17th. Finally, National Bankshares set a C$85.00 price target on Cogeco Communications and gave the company an "outperform" rating in a research report on Friday, June 6th.

Cogeco Communications Stock Performance

Shares of CCA stock opened at C$72.84 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The company has a market cap of C$3.06 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The firm has a 50 day moving average of C$68.40 and a 200-day moving average of C$66.52. Cogeco Communications has a 52 week low of C$50.86 and a 52 week high of C$75.09.

Cogeco Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were paid a dividend of $0.922 per share. This represents a $3.69 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications's payout ratio is currently 41.40%.

Cogeco Communications Company Profile

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.

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