Cogeco Communications (TSE:CCA) PT Set at C$85.00 by National Bankshares

National Bankshares set a C$85.00 price objective on Cogeco Communications (TSE:CCA - Free Report) in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CCA has been the topic of a number of other research reports. Scotiabank set a C$75.00 price target on Cogeco Communications and gave the stock a "sector perform" rating in a research note on Thursday, April 17th. Royal Bank of Canada increased their price objective on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 9th. Finally, Canaccord Genuity Group increased their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Three 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 stock. Based on data from MarketBeat.com, Cogeco Communications has a consensus rating of "Moderate Buy" and a consensus price target of C$76.60.

Cogeco Communications Stock Down 0.7%

Shares of CCA traded down C$0.46 during mid-day trading on Friday, reaching C$67.43. The company's stock had a trading volume of 20,906 shares, compared to its average volume of 88,401. Cogeco Communications has a 12-month low of C$50.82 and a 12-month high of C$75.09. The stock has a market cap of C$2.83 billion, a PE ratio of 8.16, a price-to-earnings-growth 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. The company's 50 day moving average is C$66.95 and its 200 day moving average is C$66.60.

Cogeco Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were issued a $0.922 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $3.69 annualized dividend and a dividend yield of 5.47%. Cogeco Communications's dividend 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.