Should I buy or sell Cogeco Communications stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12-month target prices for Cogeco Communications' shares. Their CCA share price targets range from C$63.00 to C$92.00. On average, they expect the company's stock price to reach C$71.36 in the next twelve months. This suggests a possible upside of 28.1% 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 2023?

Cogeco Communications' stock was trading at C$76.79 at the beginning of 2023. Since then, CCA shares have decreased by 27.5% and is now trading at C$55.71. View the best growth stocks for 2023 here .

When is Cogeco Communications' next earnings date?

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

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

Cogeco Communications announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.854 per share on Wednesday, November 29th. This represents a $3.42 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Tuesday, November 14th. This is a positive change from the stock's previous quarterly dividend of C$0.78. 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 6.51%. CCA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 39.09%. 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) , 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 .

Cogeco Communications Stock Price, News & Analysis (TSE:CCA)

C$55.71

+2.01 (+3.74%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$54.02
▼
C$56.21
50-Day Range: C$50.88
▼
C$63.70
52-Week Range: C$50.78
▼
C$82.03

Volume: 157,379 shs
Average Volume: 109,922 shs
Market Capitalization: C$1.60 billion

P/E Ratio: 6.37
Dividend Yield: 6.14%
Price Target: C$70.81

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Cogeco Communications MarketRank™ Stock Analysis

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 28.1% Upside
C$71.36 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.61
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$18,289 Sold Last Quarter
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.

3.07 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 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$71.36, Cogeco Communications has a forecasted upside of 28.1% from its current price of C$55.71.
Amount of Analyst Coverage
Cogeco Communications has been the subject of 8 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 6.51%, 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 39.09%. 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.

3.7

News and Social Media Coverage

News Sentiment
Cogeco Communications has a news sentiment score of 1.61. 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 0.44 average news sentiment score of Communication Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Cogeco Communications this week, compared to 1 article on an average week.
Search Interest
7 people have searched for CCA on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Cogeco Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cogeco Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$18,289.00 in company stock.
Percentage Held by Insiders
37.57% of the stock of Cogeco Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 24.39% of the stock of Cogeco Communications is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco Communications is 6.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco Communications is 6.37, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 355.14.
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 0.83. 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

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

November 30, 2023 | finance.yahoo.com

3800 MHz spectrum auction: Cogeco acquires 99 licenses in Québec and Ontario

November 21, 2023 | morningstar.com

Cogeco Communications Inc CCA

December 4, 2023 | DTI Trader (Ad)

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November 17, 2023 | benzinga.com

Breezeline Employees Volunteer to Clean Up Parks and Beaches in Eight States

November 16, 2023 | msn.com

Canadian Investors: 2 Oversold Canadian Stocks to Buy Now

November 9, 2023 | finance.yahoo.com

Cogeco Communications Inc. (TSE:CCA) Will Pay A CA$0.85 Dividend In Four Days

November 6, 2023 | finance.yahoo.com

Cogeco Communications' (TSE:CCA) Shareholders Will Receive A Bigger Dividend Than Last Year

November 2, 2023 | msn.com

Cogeco reports decline in profit despite record quarterly internet customer additions

December 4, 2023 | DTI Trader (Ad)

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October 11, 2023 | benzinga.com

Breezeline Supports Ronald McDonald House in Columbus, Ohio with $50,000 Donation

September 27, 2023 | finance.yahoo.com

Cogeco's Third Annual 1Cogeco Community Involvement Day Supports 17 Communities Across North America

September 15, 2023 | finance.yahoo.com

Cogeco announces the appointment of Valéry Zamuner as Senior Vice-President and Chief Corporate Affairs and Legal Officer

September 7, 2023 | theglobeandmail.com

Closing Bell: Cogeco Communications Inc flat on Wednesday (CCA)

September 5, 2023 | finance.yahoo.com

How Did Cogeco Communications Inc.'s (TSE:CCA) 13% ROE Fare Against The Industry?

August 24, 2023 | theglobeandmail.com

Cogeco Communications: Top 10 Undervalued Communication Services Sector Stocks on TSX (CCA)

August 9, 2023 | finance.yahoo.com

Investors in Cogeco Communications (TSE:CCA) have unfortunately lost 30% over the last three years

July 24, 2023 | seekingalpha.com

Cogeco Communications: An Undervalued Infrastructure Stock Offering A Growing Yield

July 13, 2023 | ca.finance.yahoo.com

Cogeco reports loss in third quarter, Cogeco Communications earns $95.9 million

July 10, 2023 | markets.businessinsider.com

TSX Ends Slightly Down

July 6, 2023 | benzinga.com

Breezeline Transforms Its Legacy Fleet with Electric Power

July 6, 2023 | finance.yahoo.com

CCA.TO - Cogeco Communications Inc.

June 30, 2023 | markets.businessinsider.com

Canadian Market Up Sharply, Set To End On Strong Note

June 27, 2023 | msn.com

3 Canadian Telecoms With Big Dividend-Growth Streaks

June 7, 2023 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.36%

June 7, 2023 | markets.businessinsider.com

TSX Ends Moderately Lower After BoC Raises Interest Rates

May 16, 2023 | finance.yahoo.com

Cogeco Communications Inc. to Participate at the 2023 TD Securities Telecom & Media

April 22, 2023 | theglobeandmail.com

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

See More Headlines

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Company Calendar

Ex-Dividend for 11/29 Dividend: 11/14/2023
Dividend Payable: 11/29/2023
Today: 12/04/2023
Next Earnings (Estimated): 1/11/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Telecom Services
Sub-Industry: N/A
Sector: Communication Services
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$71.36
High Stock Price Target: C$92.00
Low Stock Price Target: C$63.00
Potential Upside/Downside: +27.1%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$8.75
Trailing P/E Ratio: 6.37
Forward P/E Ratio: 6.80
P/E Growth: 4.77
Net Income: C$392.27 million
Net Margins: 13.14%
Pretax Margin: N/A
Return on Equity: 12.62%
Return on Assets: 5.25%

Debt

Debt-to-Equity Ratio: 146.79
Current Ratio: 1.09
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: C$2.98 billion
Price / Sales: 0.54
Cash Flow: C$6.02 per share
Price / Cash Flow: 9.26
Book Value: C$66.79 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 28,790,000
Free Float: N/A
Market Cap: C$1.60 billion
Optionable: Not Optionable
Beta: 0.54

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Key Executives

Mr. Philippe Jette Eng. (Age 58)
P.Eng, President, CEO & Director
Comp: $2.37M
Mr. Patrice Ouimet B.Com.
C.A., CPA, FCPA, CFO & Senior VP
Mr. Frank H. M. van der Post B.S. (Age 62)
M.S., President of Breezeline
Comp: $1.51M
Mr. Frederic Perron B.Com.
President of Cogeco Connexion
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 48)
CFA, ICD.D, LLB, M.B.A., Senior VP and Chief Corporate Affairs & Legal Officer
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

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 analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12-month target prices for Cogeco Communications' shares. Their CCA share price targets range from C$63.00 to C$92.00. On average, they expect the company's stock price to reach C$71.36 in the next twelve months. This suggests a possible upside of 28.1% 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 2023?: Cogeco Communications' stock was trading at C$76.79 at the beginning of 2023. Since then, CCA shares have decreased by 27.5% and is now trading at C$55.71.
View the best growth stocks for 2023 here.
When is Cogeco Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 11th 2024.
View our CCA earnings forecast.

How often does Cogeco Communications pay dividends? What is the dividend yield for Cogeco Communications?: Cogeco Communications announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.854 per share on Wednesday, November 29th. This represents a $3.42 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Tuesday, November 14th. This is a positive change from the stock's previous quarterly dividend of C$0.78.
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 6.51%. CCA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 39.09%. 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), 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 12/4/2023 by MarketBeat.com Staff

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Cogeco Communications Stock Price, News & Analysis (TSE:CCA)

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

MarketBeat Follows

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^™