Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$66.48 and traded as high as C$73.11. Cogeco Communications shares last traded at C$72.00, with a volume of 35,701 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on CCA shares. Royal Bank Of Canada boosted their price objective on 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. National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the company an "outperform" rating in a research report on Friday, June 6th. 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 lifted their target price on Cogeco Communications from C$76.00 to C$77.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$76.60.
Read Our Latest Research Report on CCA
Cogeco Communications Stock Down 0.5%
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 stock has a 50 day moving average price of C$68.54 and a 200 day moving average price of C$66.58. The company has a market cap of C$3.05 billion, a P/E ratio of 8.78, a P/E/G ratio of 4.77 and a beta of 0.59.
Cogeco Communications Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were paid a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is presently 41.40%.
Cogeco Communications Company Profile
(
Get Free Report)
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.
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