OTCMKTS:CGEAF

Cogeco Communications (CGEAF) Stock Forecast, Price & News

$47.83

+0.50 (+1.06%)

(As of 06/2/2023 ET)

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Today's Range: $47.83
▼
$47.83
50-Day Range: $45.35
▼
$49.90
52-Week Range: $44.15
▼
$79.55

Volume: 251 shs
Average Volume: 781 shs
Market Capitalization: N/A

P/E Ratio: 10.88
Dividend Yield: 2.61%
Price Target: $87.00

Profile Analyst Ratings Chart Competitors Headlines Short Interest

Cogeco Communications MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 81.9% Upside
$87.00 Price Target
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
Cogeco Communications has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $87.00, Cogeco Communications has a forecasted upside of 81.9% from its current price of $47.83.
Amount of Analyst Coverage
Cogeco Communications has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Cogeco Communications has a short interest ratio ("days to cover") of 2254, which indicates bearish sentiment.
Change versus previous month
Short interest in Cogeco Communications has recently decreased by 23.55%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Cogeco Communications pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cogeco Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cogeco Communications is 28.44%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CGEAF.

2.1

News and Social Media Coverage

News Sentiment
Cogeco Communications has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Cogeco Communications this week, compared to 1 article on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cogeco Communications insiders have not sold or bought any company stock.
Percentage Held by Institutions
41.92% of the stock of Cogeco Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco Communications is 10.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco Communications is 10.88, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 286.30.

See Top Rated MarketRank™ Stocks Here

About Cogeco Communications (OTCMKTS:CGEAF) Stock

Cogeco Communications, Inc. operates as holding company, which engages communications and media sectors. It operates through the Canadian Broadband Services and American Broadband Services segments. The Canadian Broadband Services segment activities are carried out by Cogeco Connexion in the provinces of Québec and Ontario. The American Broadband Services segment activities are carried out by Breeezeline in 13 states: Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New York, Ohio, Pennsylvania, South Carolina, Virginia and West Virginia.The company was founded by Henri Audet in 1972 and is headquartered in Montreal, Canada.

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CGEAF Stock News Headlines

May 27, 2023 | ca.finance.yahoo.com

3 TSX Stocks With Unbeatable Passive Income and Bargain Prices

May 22, 2023 | americanbankingnews.com

Cogeco Communications Inc. (OTCMKTS:CGEAF) Given Average Recommendation of "Hold" by Brokerages

June 2, 2023 | Behind the Markets (Ad)

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April 25, 2023 | americanbankingnews.com

Cogeco Communications Inc. (OTCMKTS:CGEAF) Receives $83.57 Average Target Price from Brokerages

April 20, 2023 | americanbankingnews.com

BMO Capital Markets Trims Cogeco Communications (OTCMKTS:CGEAF) Target Price to C$75.00

April 20, 2023 | americanbankingnews.com

Cogeco Communications (OTCMKTS:CGEAF) PT Lowered to C$93.00 at Royal Bank of Canada

April 20, 2023 | americanbankingnews.com

Cogeco Communications (OTCMKTS:CGEAF) PT Lowered to C$105.00

April 19, 2023 | americanbankingnews.com

Cogeco Communications (OTCMKTS:CGEAF) Price Target Cut to C$93.00

June 2, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

April 19, 2023 | americanbankingnews.com

National Bank Financial Lowers Cogeco Communications (OTCMKTS:CGEAF) Price Target to C$75.00

April 17, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Hold Rating on Cogeco Communications (CGEAF)

April 17, 2023 | markets.businessinsider.com

Analysts Offer Insights on Services Companies: Cinemark Holdings (CNK), Cogeco Communications (OtherCGEAF) and AMN Healthcare Services (AMN)

April 16, 2023 | americanbankingnews.com

CIBC Trims Cogeco Communications (OTCMKTS:CGEAF) Target Price to C$75.00

April 14, 2023 | markets.businessinsider.com

Analysts Conflicted on These Services Names: Cogeco Communications (OtherCGEAF), First Advantage (FA) and Warner Bros (WBD)

April 8, 2023 | theglobeandmail.com

Closing Bell: Cogeco Communications Inc up on Thursday (CCA)

April 2, 2023 | americanbankingnews.com

Cogeco Communications Inc. (OTCMKTS:CGEAF) Receives Consensus Recommendation of "Hold" from Analysts

April 1, 2023 | americanbankingnews.com

Cogeco Communications Inc. (OTCMKTS:CGEAF) Sees Significant Growth in Short Interest

February 9, 2023 | finance.yahoo.com

Breezeline Launches Innovative Streaming Video Service for Local Businesses

January 26, 2023 | finance.yahoo.com

Breezeline Introduces Cloud-Based, Integrated Streaming TV Experience in Cleveland and Columbus, Ohio

January 25, 2023 | finance.yahoo.com

Cogeco publishes Its Second Climate Action Plan and TCFD Report

January 24, 2023 | finance.yahoo.com

Breezeline Puts Focus on Internet Reliability and Speed With New Multi-Media Campaign

January 18, 2023 | finance.yahoo.com

For a Fourth Consecutive Year, Cogeco Communications Ranks Among the World's 100 Most Sustainable Corporations According to Corporate Knights

January 16, 2023 | markets.businessinsider.com

RBC Capital Reaffirms Their Hold Rating on Cogeco Communications (CGEAF)

January 16, 2023 | markets.businessinsider.com

National Bank Reaffirms Their Hold Rating on Cogeco Communications (CGEAF)

January 15, 2023 | marketwatch.com

Cogeco Shares Fall on Lowered 2023 Revenue, Earnings Growth Expectations

January 14, 2023 | msn.com

Cogeco Communications reports Q1 earnings; revises FY23 guidance

January 13, 2023 | seekingalpha.com

Cogeco Communications Inc. (CGEAF) Q1 2023 Earnings Call Transcript

See More Headlines

CGEAF Price History

30 days | 90 days | 365 days | Advanced Chart

CGEAF Company Calendar

Today: 6/02/2023
Next Earnings (Estimated): 7/11/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Telecom Services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: OTCMKTS:CGEAF
CUSIP: N/A
CIK: N/A
Web: corpo.cogeco.com
Phone: (514) 764-4600
Fax: N/A
Employees: 3,854
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $87.00
High Stock Price Forecast: $111.00
Low Stock Price Forecast: $72.00
Forecasted Upside/Downside: +81.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 10.88
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

Philippe Jetté
President, Chief Executive Officer & Director

Patrice Ouimet
Chief Financial Officer & Senior Vice President

Zouheir Mansourati
Chief Technology Officer & Senior Vice President

Linda C. Gillespie
Chief Human Resources Officer & Senior VP

Caroline Paquet
President-Cogeco Media

Key Competitors

View All Competitors

CGEAF Stock - Frequently Asked Questions

Should I buy or sell Cogeco Communications stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CGEAF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGEAF, but not buy additional shares or sell existing shares.
View CGEAF analyst ratings or view top-rated stocks.
What is Cogeco Communications' stock price forecast for 2023?: 6 equities research analysts have issued 1-year price targets for Cogeco Communications' shares. Their CGEAF share price forecasts range from $72.00 to $111.00. On average, they expect the company's stock price to reach $87.00 in the next year. This suggests a possible upside of 81.9% from the stock's current price.
View analysts price targets for CGEAF or view top-rated stocks among Wall Street analysts.
How have CGEAF shares performed in 2023?: Cogeco Communications' stock was trading at $54.64 on January 1st, 2023. Since then, CGEAF stock has decreased by 12.5% and is now trading at $47.8251.
View the best growth stocks for 2023 here.
Are investors shorting Cogeco Communications?: Cogeco Communications saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 676,200 shares, a drop of 23.6% from the April 30th total of 884,500 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 2,254.0 days.
View Cogeco Communications' Short Interest.
When is Cogeco Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 11th 2023.
View our CGEAF earnings forecast.

Is Cogeco Communications a good dividend stock?: Cogeco Communications (OTCMKTS:CGEAF) pays an annual dividend of $1.25 per share and currently has a dividend yield of 1.99%. The dividend payout ratio is 28.44%. This payout ratio is at a healthy, sustainable level, below 75%.
What is Cogeco Communications' stock symbol?: Cogeco Communications trades on the OTCMKTS under the ticker symbol "CGEAF."
How do I buy shares of Cogeco Communications?: Shares of CGEAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cogeco Communications' stock price today?: One share of CGEAF stock can currently be purchased for approximately $47.83.
How many employees does Cogeco Communications have?: The company employs 3,854 workers across the globe.
How can I contact Cogeco Communications?: Cogeco Communications' mailing address is 1 Place Ville Marie, Montréal, QC H3B. The official website for the company is corpo.cogeco.com. The company can be reached via phone at (514) 764-4600.

This page (OTCMKTS:CGEAF) was last updated on 6/2/2023 by MarketBeat.com Staff

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Cogeco Communications (CGEAF) Stock Forecast, Price & News

Cogeco Communications MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Cogeco Communications (OTCMKTS:CGEAF) Stock

CGEAF Stock News Headlines

CGEAF Price History

CGEAF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CGEAF Stock - Frequently Asked Questions

Overall MarketRank^™