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

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have been given an average rating of "Moderate Buy" by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$76.10.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada upped their price target on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 9th. CIBC lowered their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Finally, Scotiabank set a C$75.00 price objective on shares of Cogeco Communications and gave the stock a "sector perform" rating in a research report on Thursday, April 17th.

Cogeco Communications Stock Performance

TSE CCA traded down C$1.02 during trading on Monday, reaching C$63.64. The company's stock had a trading volume of 9,270 shares, compared to its average volume of 103,404. The business's fifty day moving average price is C$66.43 and its 200-day moving average price is C$67.22. Cogeco Communications has a twelve month low of C$50.82 and a twelve 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. The firm has a market cap of C$2.67 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 4.77 and a beta of 0.59.

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th will be issued a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is currently 41.40%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.