Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$66.91 and traded as high as C$67.27. Cogeco Communications shares last traded at C$66.87, with a volume of 35,856 shares.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Royal Bank of Canada upped their target price on Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 9th. Scotiabank set a C$75.00 price objective on Cogeco Communications and gave the company a "sector perform" rating in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$76.10.
Check Out Our Latest Analysis on Cogeco Communications
Cogeco Communications Price Performance
The stock's 50-day simple moving average is C$66.81 and its two-hundred day simple moving average is C$66.81. The company has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.
Cogeco Communications Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, May 7th were issued a $0.922 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $3.69 dividend on an annualized basis and a yield of 5.36%. Cogeco Communications's payout ratio is 41.40%.
About Cogeco Communications
(
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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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