Scotiabank Cuts Cogeco Communications (TSE:CCA) Price Target to C$75.00

Cogeco Communications (TSE:CCA - Free Report) had its price objective lowered by Scotiabank from C$75.50 to C$75.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock. Scotiabank also issued estimates for Cogeco Communications' FY2025 earnings at $8.01 EPS and FY2026 earnings at $7.83 EPS.

Several other research firms have also weighed in on CCA. Desjardins raised their price objective on Cogeco Communications from C$72.00 to C$74.00 in a research note on Thursday, July 10th. Royal Bank Of Canada lowered their target price on Cogeco Communications from C$75.00 to C$74.00 in a report on Thursday. National Bankshares set a C$85.00 price objective on Cogeco Communications and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, Canaccord Genuity Group upped their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$77.44.

Cogeco Communications Stock Performance

CCA traded down C$0.38 during trading hours on Thursday, reaching C$65.22. The company's stock had a trading volume of 51,172 shares, compared to its average volume of 82,943. Cogeco Communications has a 52 week low of C$59.10 and a 52 week high of C$75.09. The company's 50-day moving average is C$69.00 and its 200-day moving average is C$66.77. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The firm has a market cap of C$2.74 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Wednesday, April 23rd. Cogeco Communications's payout ratio is currently 41.40%.

About Cogeco Communications

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.