Cogeco Communications (TSE:CCA) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Cogeco Communications Inc. (TSE:CCA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.75 and traded as high as C$72.75. Cogeco Communications shares last traded at C$71.91, with a volume of 60,774 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCA. National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the stock an "outperform" rating in a report on Friday, June 6th. Royal Bank Of Canada dropped their price objective on Cogeco Communications from C$75.00 to C$74.00 in a report on Thursday. Scotiabank dropped their price objective on Cogeco Communications from C$75.50 to C$75.00 and set a "sector perform" rating on the stock in a report on Thursday. Desjardins increased their price objective on Cogeco Communications from C$72.00 to C$74.00 in a report on Thursday, July 10th. Finally, BMO Capital Markets dropped their price objective on Cogeco Communications from C$80.00 to C$75.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cogeco Communications presently has a consensus rating of "Moderate Buy" and an average target price of C$77.44.

Cogeco Communications Trading Down 1.1%

The firm has a fifty day simple moving average of C$69.07 and a two-hundred day simple moving average of C$66.80. The stock has a market cap of C$2.76 billion, a PE ratio of 7.96, 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 disclosed 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. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $3.69 annualized dividend and a dividend yield of 5.61%. Cogeco Communications's dividend payout ratio (DPR) is presently 41.40%.

Cogeco Communications Company Profile

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.