Cogeco Communications Inc. (TSE:CCA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$66.48 and traded as high as C$68.99. Cogeco Communications shares last traded at C$68.94, with a volume of 76,232 shares trading hands.
Wall Street Analyst Weigh In
CCA has been the subject of several analyst reports. Scotiabank set a C$75.00 target price on Cogeco Communications and gave the company a "sector perform" rating in a report on Thursday, April 17th. National Bankshares set a C$85.00 price target on Cogeco Communications and gave the stock an "outperform" rating in a report on Friday, June 6th. Canaccord Genuity Group increased their price target 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 increased their price target on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$76.60.
Check Out Our Latest Research Report on Cogeco Communications
Cogeco Communications Stock Up 0.7%
The business has a fifty day moving average of C$67.59 and a 200 day moving average of C$66.48. The company has a market capitalization of C$2.90 billion, a PE ratio of 8.34, a PEG 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were issued a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Wednesday, April 23rd. Cogeco Communications's dividend payout ratio (DPR) is 41.40%.
Cogeco Communications Company Profile
(
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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.
Further Reading
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