Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.63 and traded as high as C$69.20. Cogeco Communications shares last traded at C$68.70, with a volume of 57,783 shares.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CCA. Royal Bank of Canada increased their target price on shares of 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. Scotiabank set a C$75.00 target price on shares of Cogeco Communications and gave the stock a "sector perform" rating in a research report on Thursday, April 17th. Finally, 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 report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$76.10.
Get Our Latest Stock Report on Cogeco Communications
Cogeco Communications Stock Up 0.2%
The stock has a market cap of C$2.88 billion, a P/E ratio of 8.30, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The firm's fifty day moving average is C$67.04 and its 200 day moving average is C$66.64.
Cogeco Communications Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th were given a $0.922 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $3.69 annualized dividend and a yield of 5.38%. Cogeco Communications's dividend payout ratio is 41.40%.
Cogeco Communications Company Profile
(
Get Free Report)
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.
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