Cogeco Communications (TSE:CCA) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Cogeco Communications Inc. (TSE:CCA - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$67.02 and traded as high as C$67.96. Cogeco Communications shares last traded at C$67.23, with a volume of 24,763 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCA. CIBC cut their price objective on shares of Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Royal Bank of Canada increased their price objective on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a report on Wednesday, April 9th. Scotiabank set a C$75.00 target price on shares of Cogeco Communications and gave the stock a "sector perform" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Three investment 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 company. According to data from MarketBeat, Cogeco Communications presently has an average rating of "Moderate Buy" and a consensus target price of C$76.10.

Cogeco Communications Price Performance

The company's 50-day moving average price is C$66.64 and its 200-day moving average price is C$66.96. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The company has a market cap of C$2.88 billion, a P/E ratio of 8.30, a P/E/G ratio of 4.77 and a beta of 0.59.

Cogeco Communications Dividend Announcement

The business 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. This represents a $3.69 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications's dividend payout ratio is 41.40%.

About Cogeco Communications

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.