Cogeco Communications Inc. (TSE:CCA) Receives Average Rating 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%.

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have received an average rating of "Hold" from the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$75.67.

CCA has been the subject of a number of analyst reports. 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. 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. National Bank Financial cut Cogeco Communications from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. National Bankshares cut Cogeco Communications from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$80.00 to C$69.00 in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada lowered their target price on Cogeco Communications from C$75.00 to C$74.00 in a research note on Thursday, July 17th.

Cogeco Communications Price Performance

Shares of TSE CCA traded up C$0.23 during midday trading on Friday, reaching C$64.28. 58,077 shares of the company traded hands, compared to its average volume of 80,101. The firm has a market cap of C$2.71 billion, a PE ratio of 8.33, a PEG ratio of 4.77 and a beta of 0.63. The stock's 50-day simple moving average is C$66.29 and its 200-day simple moving average is C$66.71. Cogeco Communications has a 12 month low of C$59.10 and a 12 month high of C$75.09. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37.

Cogeco Communications Announces Dividend

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 46.89%.

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.