Cogeco Communications (TSE:CCA - Free Report) had its price objective increased by Desjardins from C$72.00 to C$74.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.
A number of other equities research analysts have also issued reports on the company. Scotiabank set a C$75.00 price target on Cogeco Communications and gave the stock a "sector perform" rating in a research note on Thursday, April 17th. 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 research note on Wednesday, April 9th. 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 research note on Friday, April 11th. Finally, National Bankshares set a C$85.00 price target on Cogeco Communications and gave the stock an "outperform" rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Cogeco Communications has a consensus rating of "Moderate Buy" and an average price target of C$77.10.
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Cogeco Communications Stock Performance
CCA traded down C$0.33 during mid-day trading on Thursday, reaching C$72.26. 25,843 shares of the company traded hands, compared to its average volume of 80,460. The stock has a market capitalization of C$3.04 billion, a P/E ratio of 8.75, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The company's fifty day moving average price is C$68.99 and its 200-day moving average price is C$66.74. Cogeco Communications has a 52-week low of C$53.50 and a 52-week high of C$75.09.
Cogeco Communications Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, May 7th were issued a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications's payout ratio 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.
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