Should I buy or sell Cogeco Communications stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CCA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCA, but not buy additional shares or sell existing shares. View CCA analyst ratings or view top-rated stocks .

What is Cogeco Communications' stock price target for 2024?

9 Wall Street research analysts have issued 12 month price objectives for Cogeco Communications' shares. Their CCA share price targets range from C$60.00 to C$90.00. On average, they predict the company's share price to reach C$69.69 in the next year. This suggests a possible upside of 25.1% from the stock's current price. View analysts price targets for CCA or view top-rated stocks among Wall Street analysts .

How have CCA shares performed in 2024?

Cogeco Communications' stock was trading at C$59.35 at the beginning of 2024. Since then, CCA stock has decreased by 6.1% and is now trading at C$55.70. View the best growth stocks for 2024 here .

When is Cogeco Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024. View our CCA earnings forecast .

How were Cogeco Communications' earnings last quarter?

Cogeco Communications Inc. (TSE:CCA) issued its earnings results on Thursday, April, 11th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.88 by $0.33. The firm earned $730.50 million during the quarter, compared to the consensus estimate of $735 million. Cogeco Communications had a trailing twelve-month return on equity of 11.58% and a net margin of 12.47%.

How often does Cogeco Communications pay dividends? What is the dividend yield for Cogeco Communications?

Cogeco Communications announced a quarterly dividend on Friday, April 12th. Investors of record on Thursday, April 25th will be paid a dividend of 0.854 per share on Thursday, May 9th. This represents a $3.42 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Wednesday, April 24th. Read our dividend analysis for CCA .

Is Cogeco Communications a good dividend stock?

Cogeco Communications (TSE:CCA) pays an annual dividend of C$3.42 per share and currently has a dividend yield of 5.68%. CCA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.11%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CCA .

What other stocks do shareholders of Cogeco Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cogeco Communications investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , AbbVie (ABBV) , Vermilion Energy (VET) , Open Text (OTEX) , Wheaton Precious Metals (WPM) , Rogers Communications (RCI) and Rogers Communications (RCI.B) .

How do I buy shares of Cogeco Communications?

Shares of CCA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:CCA

Cogeco Communications (CCA) Stock Price, News & Analysis

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Free CCA Stock Alerts

C$55.70

-0.75 (-1.33%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$55.62
▼
C$56.65
50-Day Range: C$55.51
▼
C$62.66
52-Week Range: C$50.78
▼
C$72.56

Volume: 30,916 shs
Average Volume: 99,204 shs
Market Capitalization: C$1.68 billion

P/E Ratio: 6.69
Dividend Yield: 6.14%
Price Target: C$69.69

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Cogeco Communications alerts:

Cogeco Communications MarketRank™ Stock Analysis

Analyst Rating: Hold
2.22 Rating Score
Upside/Downside: 25.1% Upside
C$69.69 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.24
Based on 22 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.72 out of 5 stars

4.1

Analyst's Opinion

Consensus Rating
Cogeco Communications has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cogeco Communications has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CCA.

2.5

Dividend Strength

Dividend Leadership
Cogeco Communications is a leading dividend payer. It pays a dividend yield of 5.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cogeco Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cogeco Communications is 41.11%. 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 CCA.

2.4

News and Social Media Coverage

News Sentiment
Cogeco Communications has a news sentiment score of 0.24. 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 lower news sentiment than the 0.37 average news sentiment score of Communication Services companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Cogeco Communications this week, compared to 1 article on an average week.
Search Interest
4 people have searched for CCA on MarketBeat in the last 30 days.

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 Insiders
Only 0.45% of the stock of Cogeco Communications is held by insiders.
Percentage Held by Institutions
45.24% of the stock of Cogeco Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco Communications is 6.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco Communications is 6.69, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 464.40.
Price to Earnings Growth Ratio
Cogeco Communications has a PEG Ratio of 4.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cogeco Communications has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Cogeco Communications Stock (TSE:CCA)

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. It also provides Internet packages comprising best-in-class managed Wi-Fi and with home Wi-Fi solutions; voice services; and other advanced network connectivity services, such as dedicated fibre, session initiation protocol (SIP) or primary rate interface (PRI) trunking solutions, hosted private branch exchange (HPBX) solutions, and managed business Wi-Fi (MBW) through its long-distance fibre optic systems, advanced hybrid fibre-coaxial (HFC) telecommunications distribution networks, point-to-point fibre networks, and fibre-to-the-home (FTTH) network technologies. In addition, the company offers e-mail solutions and Internet security suite to Internet customers with automatic updates to protect their desktop and mobile devices; and self-installation devices on a rental basis. Further, it provides cable operator services under the Cogeco Connexion name in Québec and Ontario, Canada; and in the United States under the Breezeline brand. The company was formerly known as Cogeco Cable Inc. and changed its name to Cogeco Communications Inc. in January 2016. Cogeco Communications Inc. was founded in 1957 and is headquartered in Montreal, Canada. Cogeco Communications Inc. operates as a subsidiary of Cogeco Inc.

CCA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CCA Stock News Headlines

April 18, 2024 | americanbankingnews.com

Analysts Issue Forecasts for Cogeco Communications Inc.'s Q3 2024 Earnings (TSE:CCA)

April 17, 2024 | americanbankingnews.com

Cogeco Communications (TSE:CCA) Given New C$79.00 Price Target at Royal Bank of Canada

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April 16, 2024 | americanbankingnews.com

Cogeco Communications (TSE:CCA) Price Target Lowered to C$73.50 at Scotiabank

April 16, 2024 | americanbankingnews.com

Cogeco Communications (TSE:CCA) Given New C$60.00 Price Target at Canaccord Genuity Group

April 16, 2024 | americanbankingnews.com

Cogeco Communications (TSE:CCA) Price Target Lowered to C$90.00 at TD Securities

April 16, 2024 | americanbankingnews.com

Cogeco Communications (TSE:CCA) Price Target Lowered to C$64.00 at Desjardins

April 15, 2024 | markets.businessinsider.com

Canadian Market Retreats After Slightly Positive Start

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April 15, 2024 | finance.yahoo.com

CANADA STOCKS-Toronto market rebounds on broad-based gains

April 11, 2024 | finance.yahoo.com

Cogeco Communications Releases its Financial Results for the Second Quarter of Fiscal 2024

April 11, 2024 | americanbankingnews.com

Royal Bank of Canada Lowers Cogeco Communications (TSE:CCA) Price Target to C$76.00

April 11, 2024 | americanbankingnews.com

Cogeco Communications Inc. (TSE:CCA) Given Average Recommendation of "Hold" by Brokerages

April 10, 2024 | msn.com

2 Dividend Stocks to Buy Now and Hold for Next 20 Years

April 3, 2024 | finance.yahoo.com

Breezeline Expands Fiber Connectivity in King William County, Virginia

March 11, 2024 | theglobeandmail.com

Cogeco names Frederic Perron its new president and CEO; Philippe Jette to retire

February 23, 2024 | msn.com

Cogeco announces private offering of $275M 6.125% senior unsecured notes

February 22, 2024 | finance.yahoo.com

Cogeco Communications Announces Private Offering of $275 Million 6.125% Senior Unsecured Notes

February 2, 2024 | seekingalpha.com

Cogeco Communications: Fibre Network Expansion, Dividend Increase, And Cheap

January 30, 2024 | finance.yahoo.com

Breezeline Completes Fiber Build Reaching Nearly 40,000 Homes and Businesses in West Virginia

January 30, 2024 | finance.yahoo.com

Breezeline Completes Fiber Build Reaching More Than 45,000 Homes and Businesses in New Hampshire

January 12, 2024 | finance.yahoo.com

Cogeco Communications Inc.'s (TSE:CCA) top owners are individual investors with 60% stake, while 27% is held by private companies

January 11, 2024 | ca.finance.yahoo.com

Cogeco Q1 profit down from year earlier, revenue also edged lower

January 10, 2024 | tmcnet.com

Cogeco Releases its Financial Results for the First Quarter of Fiscal 2024

January 5, 2024 | finance.yahoo.com

Reminder: Cogeco Inc. and Cogeco Communications Inc. Annual Shareholders' Meeting for 2023, and the Release of their Financial Results for the First Quarter of Fiscal 2024 and Related Conference Call

December 12, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trade Resumption - CCA

December 11, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - CCA

See More Headlines

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Company Calendar

Ex-Dividend for 2/7 Dividend: 1/23/2024
Dividend Payable: 2/07/2024
Last Earnings: 4/11/2024
Today: 4/17/2024
Ex-Dividend for 5/9 Dividend: 4/24/2024
Dividend Payable: 5/09/2024
Next Earnings (Estimated): 7/11/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Communication Services
Industry: Telecom Services
Sub-Industry: N/A
Current Symbol: TSE:CCA
CUSIP: N/A
CIK: N/A
Web: corpo.cogeco.com
Phone: +1-514-7644700
Fax: N/A
Employees: 3,854
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$69.69
High Stock Price Target: C$90.00
Low Stock Price Target: C$60.00
Potential Upside/Downside: +25.1%
Consensus Rating: Hold
Rating Score (0-4): 2.22
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$8.32
Trailing P/E Ratio: 6.69
Forward P/E Ratio: 6.57
P/E Growth: 4.77
Net Income: C$370.26 million
Net Margins: 12.47%
Pretax Margin: N/A
Return on Equity: 11.58%
Return on Assets: 5.16%

Debt

Debt-to-Equity Ratio: 136.39
Current Ratio: 0.59
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: C$2.97 billion
Price / Sales: 0.57
Cash Flow: C$6.02 per share
Price / Cash Flow: 9.26
Book Value: C$67.74 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 30,220,000
Free Float: N/A
Market Cap: C$1.68 billion
Optionable: Not Optionable
Beta: 0.47

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Key Executives

Mr. Frederic Perron B.Com.
President, CEO & Director
Mr. Patrice Ouimet B.Com.
C.A., CPA, FCPA, CFO & Senior VP
Mr. Frank H. M. van der Post B.S. (Age 63)
M.S., President of Breezeline
Comp: $1.2M
Mr. Michel Blais
Vice President of Network, Operations & Technology Delivery
Mr. Tim Dinesen
Senior VP & CTO
Troy Crandall
Head of Investor Relations
Ms. Valery Zamuner CA (Age 49)
CFA, ICD.D, LLB, M.B.A., Senior VP, Chief Corporate & Legal Affairs Officer and Secretary
Ms. Marie-Helene Labrie M.Sc.
Senior VP and Chief Public Affairs, Communications & Strategy Officer
Mr. Francois-Philippe Lessard C.F.A.
Vice President of Corporate Development
Ms. Linda Gillespie
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CCA Stock Analysis - Frequently Asked Questions

Should I buy or sell Cogeco Communications stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CCA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCA, but not buy additional shares or sell existing shares.
View CCA analyst ratings or view top-rated stocks.
What is Cogeco Communications' stock price target for 2024?: 9 Wall Street research analysts have issued 12 month price objectives for Cogeco Communications' shares. Their CCA share price targets range from C$60.00 to C$90.00. On average, they predict the company's share price to reach C$69.69 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
View analysts price targets for CCA or view top-rated stocks among Wall Street analysts.
How have CCA shares performed in 2024?: Cogeco Communications' stock was trading at C$59.35 at the beginning of 2024. Since then, CCA stock has decreased by 6.1% and is now trading at C$55.70.
View the best growth stocks for 2024 here.
When is Cogeco Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our CCA earnings forecast.
How were Cogeco Communications' earnings last quarter?: Cogeco Communications Inc. (TSE:CCA) issued its earnings results on Thursday, April, 11th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.88 by $0.33. The firm earned $730.50 million during the quarter, compared to the consensus estimate of $735 million. Cogeco Communications had a trailing twelve-month return on equity of 11.58% and a net margin of 12.47%.

How often does Cogeco Communications pay dividends? What is the dividend yield for Cogeco Communications?: Cogeco Communications announced a quarterly dividend on Friday, April 12th. Investors of record on Thursday, April 25th will be paid a dividend of 0.854 per share on Thursday, May 9th. This represents a $3.42 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Wednesday, April 24th.
Read our dividend analysis for CCA.
Is Cogeco Communications a good dividend stock?: Cogeco Communications (TSE:CCA) pays an annual dividend of C$3.42 per share and currently has a dividend yield of 5.68%. CCA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CCA.
What other stocks do shareholders of Cogeco Communications own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cogeco Communications investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Rogers Communications (RCI.B).
How do I buy shares of Cogeco Communications?: Shares of CCA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CCA) was last updated on 4/18/2024 by MarketBeat.com Staff

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Cogeco Communications (CCA) Stock Price, News & Analysis

Cogeco Communications MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Cogeco Communications Stock (TSE:CCA)

CCA Stock Price History

CCA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CCA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™