Cogeco Communications Inc. (TSE:CCA) Stock Has Average Target Price of C$73.11

Key Points

• Analyst consensus is “Moderate Buy” among seven firms, with an average 12-month price target of C$73.11 versus the stock’s opening price of C$54.80.
• Cogeco Communications reported quarterly revenue of C$696.68 million and EPS of C$2.35, but posted a negative 38.76% return on equity and a negative 39.56% net margin.
• The company paid a quarterly dividend of $0.987 per share, equivalent to an annualized $3.95 dividend and a 7.2% yield.

Shares of Cogeco Communications Inc. (TSE:CCA - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$73.11.

CCA has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price target on Cogeco Communications from C$74.00 to C$70.00 and set a "sector perform" rating for the company in a research note 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 note on Wednesday, July 15th. Finally, National Bank Financial cut their price objective on shares of Cogeco Communications from C$70.00 to C$69.00 and set a "sector perform" rating on the stock in a report on Monday, August 31st.

Cogeco Communications Stock Performance

Shares of CCA stock opened at C$54.80 on Monday. The business's fifty day simple moving average is C$59.72 and its 200-day simple moving average is C$63.68. The company has a market cap of C$2.30 billion, a PE ratio of -2.07, a PEG ratio of 4.77 and a beta of 0.97. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79. Cogeco Communications has a 12-month low of C$54.75 and a 12-month high of C$77.40.

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

Cogeco Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.9870 per share. This represents a $3.95 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Wednesday, July 29th. Cogeco Communications's payout ratio is currently -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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