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

Key Points

• Cogeco Communications Inc. has received a consensus rating of "Hold" from six analysts, with four holding the stock and two issuing a buy rating.
• The average 1-year price target for Cogeco shares is C$75.67, reflecting some adjustments from various analysts that lowered their price objectives recently.
• The company offers a quarterly dividend of $0.922 per share, translating to an annualized dividend of $3.69 and a yield of 5.8%.

Cogeco Communications Inc. (TSE:CCA - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$75.67.

A number of equities research analysts have issued reports on CCA shares. Royal Bank Of Canada decreased their target price on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday, July 17th. National Bank Financial cut Cogeco Communications from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. National Bankshares cut Cogeco Communications from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$80.00 to C$69.00 in a research report on Tuesday, August 12th. BMO Capital Markets cut their price objective on Cogeco Communications from C$80.00 to C$75.00 in a report on Thursday, July 17th. Finally, Scotiabank cut their price objective on Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating for the company in a report on Thursday, July 17th.

Cogeco Communications Stock Up 0.5%

TSE:CCA traded up C$0.29 during mid-day trading on Friday, reaching C$64.34. The stock had a trading volume of 6,466 shares, compared to its average volume of 79,766. The business's 50 day moving average is C$66.37 and its 200 day moving average is C$66.71. Cogeco Communications has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.09. The stock has a market cap of C$2.70 billion, a P/E ratio of 7.79, a PEG ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49.

Cogeco Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 12th were paid a $0.922 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.7%. Cogeco Communications's dividend payout ratio (DPR) is 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.