Cogeco Communications Inc. (TSE:CCA - Get Free Report) shares crossed 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.
Wall Street Analyst Weigh In
A number of brokerages have commented on CCA. CIBC decreased their price objective on Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Scotiabank set a C$75.00 price objective on Cogeco Communications and gave the stock a "sector perform" rating in a report on Thursday, April 17th. Canaccord Genuity Group boosted their price objective on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Royal Bank of Canada raised their price target on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 9th. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$76.10.
View Our Latest Stock Report on Cogeco Communications
Cogeco Communications Stock Down 0.5%
The stock's 50-day simple moving average is C$66.70 and its 200-day simple moving average is C$66.91. The firm has a market capitalization of C$2.81 billion, a P/E ratio of 8.09, 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.
Cogeco Communications Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were given a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is currently 41.40%.
About Cogeco Communications
(
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.
See Also
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