Cogeco Communications Inc. (TSE:CCA) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus is “Moderate Buy” among seven brokerages, with four holds, two buys and one strong buy. The average 12-month price target is C$73.11, though recent targets were lowered to C$68–C$70.
• Cogeco Communications reported quarterly EPS of C$2.35 and revenue of C$696.68 million, but posted a negative net margin of 39.56% and negative return on equity of 38.76%.
• The company pays a quarterly dividend of C$0.987 per share, equivalent to approximately C$3.95 annually and a 6.6% yield. Shares opened at C$59.51, near their 52-week low of C$58.42.

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$73.11.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a "sector perform" rating for the company in a report on Friday, July 10th. Desjardins set a C$68.00 price target on Cogeco Communications and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Finally, National Bank Financial dropped their price target on Cogeco Communications from C$70.00 to C$69.00 and set a "sector perform" rating for the company in a report on Monday.

Cogeco Communications Stock Performance

Cogeco Communications stock opened at C$59.51 on Thursday. The company has a debt-to-equity ratio of 241.79, a current ratio of 0.47 and a quick ratio of 0.49. The stock has a fifty day moving average price of C$61.66 and a two-hundred day moving average price of C$65.24. Cogeco Communications has a 52-week low of C$58.42 and a 52-week high of C$77.40. The firm has a market capitalization of C$2.50 billion, a P/E ratio of -2.25, a P/E/G ratio of 4.77 and a beta of 0.94.

Cogeco Communications (TSE:CCA - Get Free Report) last issued its earnings results on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. The company had revenue of C$696.68 million for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. As a group, analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, August 12th were issued a dividend of $0.987 per share. This represents a $3.95 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Wednesday, July 29th. Cogeco Communications's dividend payout ratio is presently -14.69%.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.

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