Cogeco Communications (TSE:CCA) Given a C$75.00 Price Target at Scotiabank

Scotiabank set a C$75.00 price target on Cogeco Communications (TSE:CCA - Free Report) 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' FY2026 earnings at $8.10 EPS.

A number of other equities research analysts also recently issued reports on CCA. 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 research report on Friday, April 11th. CIBC cut their price objective on Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada boosted their target price on Cogeco Communications from C$77.00 to C$78.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$76.10.

Cogeco Communications Trading Up 0.5 %

CCA stock traded up C$0.30 during mid-day trading on Thursday, reaching C$66.71. 32,123 shares of the stock traded hands, compared to its average volume of 105,162. The stock's fifty day moving average is C$66.40 and its 200-day moving average is C$67.33. The company has a market cap of C$2.80 billion, a P/E ratio of 8.07, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. Cogeco Communications has a 52-week low of C$50.82 and a 52-week high of C$75.09.

Cogeco Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, May 7th will be issued a $0.922 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.53%. Cogeco Communications's payout ratio is presently 41.40%.

Cogeco Communications Company Profile

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.