Cogeco Communications (CCA) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

6 brokerages have issued twelve-month target prices for Cogeco Communications' stock. Their CCA share price forecasts range from C$67.50 to C$105.00. On average, they anticipate the company's stock price to reach C$80.81 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
View analysts price targets for CCA or view top-rated stocks among Wall Street analysts.

Cogeco Communications' stock was trading at C$76.79 on January 1st, 2023. Since then, CCA stock has decreased by 18.1% and is now trading at C$62.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CCA earnings forecast.

Cogeco Communications Inc. (TSE:CCA) posted its quarterly earnings results on Thursday, July, 13th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.43. The business earned $741.79 million during the quarter, compared to analysts' expectations of $739 million. Cogeco Communications had a net margin of 13.85% and a trailing twelve-month return on equity of 13.59%.

Cogeco Communications announced a quarterly dividend on Friday, July 14th. Shareholders of record on Thursday, July 27th will be given a dividend of 0.776 per share on Thursday, August 10th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Wednesday, July 26th.
Read our dividend analysis for CCA.

Cogeco Communications (TSE:CCA) pays an annual dividend of C$3.10 per share and currently has a dividend yield of 5.03%. CCA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.51%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CCA.

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).

Cogeco Communications trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CCA."

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.
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One share of CCA stock can currently be purchased for approximately C$62.87.

Cogeco Communications (TSE:CCA) has a market capitalization of C$1.81 billion and generates C$2.97 billion in revenue each year. The company earns C$410.71 million in net income (profit) each year or C$9.25 on an earnings per share basis.

The company employs 3,854 workers across the globe.

Cogeco Communications' mailing address is 1700-5 Ville-Marie Pl, MONTREAL, QC H3B 0B3, Canada. The official website for the company is corpo.cogeco.com. The company can be reached via phone at +1-514-7644700.