TSE:CCACogeco Communications Stock Price, Forecast & News

C$102.15

-2.26 (-2.16 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

C$101.74

Now: C$102.15▼

C$106.23

50-Day Range

C$93.74

MA: C$100.58▼

C$106.08

52-Week Range

C$87.57

Now: C$102.15▼

C$120.20

Volume66,489 shs

Average Volume156,346 shs

Market CapitalizationC$4.94 billion

P/E Ratio10.97

Dividend Yield2.22%

BetaN/A

Cogeco Communications Inc. operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features. The company also provides a range of Internet packages; video services; telephony services; managed cloud services; and other advanced network connectivity services, such as session initiation protocol, primary rate interface trunk solutions, hosted private branch exchange solutions, and business and software efficiency services for business customers. In addition, it offers colocation, network connectivity, hosting, cloud services, and a portfolio of managed services to small, medium, and large enterprises operating in online retail, financial services, technology, public sector, education, health care, business services, manufacturing, media, and online gaming markets in Canada, the United States, Europe, and internationally. The company was formerly known as Cogeco Cable Inc. and changed its name to Cogeco Communications Inc. in January 2016. The company was founded in 1972 and is headquartered in Montreal, Canada. Cogeco Communications Inc. is a subsidiary of Cogeco Inc.

Beat the Market (BTM) Rank^™

1.2 Analyst's Opinion

Consensus Rating
Cogeco Communications has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$106.75, Cogeco Communications has a potential upside of 4.5% from its current price of C$102.15.
Amount of Analyst Coverage
Cogeco Communications has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Cogeco Communications has received 370 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cogeco Communications has received 411 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cogeco Communications has received 52.62% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cogeco Communications and other stocks. Vote “Outperform” if you believe CCA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CCA will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Cogeco Communications is a leading dividend payer. It pays a dividend yield of 2.22%, 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 23.74 %. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 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$2,025,128.00 in company stock.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Cogeco Communications are expected to decrease by -100.00% in the coming year, from C$7.56 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco Communications is 10.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco Communications is 10.97, which means that it is trading at a more expensive P/E ratio than the Communication Services sector average P/E ratio of about 5.46.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Cogeco Communications, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Cogeco Communications has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.35 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Telecom Services

Sub-IndustryN/A

SectorCommunication Services

Current SymbolTSE:CCA

Previous Symbol

CUSIPN/A

CIKN/A

Webcorpo.cogeco.com

Phone+1-514-7644700

Debt

Debt-to-Equity Ratio129.21

Current Ratio1.20

Quick Ratio1.14

Price-To-Earnings

Trailing P/E Ratio10.97

Forward P/E Ratio13.51

P/E Growth-13.56

Sales & Book Value

Annual SalesC$2.34 billion

Price / Sales2.11

Cash FlowC$10.65 per share

Price / Cash Flow9.59

Book ValueC$46.51 per share

Price / Book2.20

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees4,574

Outstanding Shares48,369,000

Market CapC$4.94 billion

Next Earnings Date7/8/2020 (Estimated)

OptionableNot Optionable

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Cogeco Communications (TSE:CCA) Frequently Asked Questions

How has Cogeco Communications' stock been impacted by COVID-19 (Coronavirus)?

Cogeco Communications' stock was trading at C$102.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CCA stock has decreased by 0.4% and is now trading at C$102.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cogeco Communications?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogeco Communications in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cogeco Communications.

When is Cogeco Communications' next earnings date?

Cogeco Communications is scheduled to release its next quarterly earnings announcement on Wednesday, July 8th 2020. View our earnings forecast for Cogeco Communications.

How were Cogeco Communications' earnings last quarter?

Cogeco Communications Inc (TSE:CCA) released its quarterly earnings results on Tuesday, April, 7th. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.41. The company earned $586.47 million during the quarter, compared to the consensus estimate of $591.60 million. View Cogeco Communications' earnings history.

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

Cogeco Communications announced a quarterly dividend on Monday, April 20th. Investors of record on Tuesday, May 5th will be given a dividend of 0.58 per share on Tuesday, May 5th. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, April 20th. View Cogeco Communications' dividend history.

What price target have analysts set for CCA?

5 equities research analysts have issued twelve-month price targets for Cogeco Communications' stock. Their forecasts range from C$96.00 to C$120.00. On average, they anticipate Cogeco Communications' share price to reach C$106.75 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View analysts' price targets for Cogeco Communications.

Has Cogeco Communications been receiving favorable news coverage?

News articles about CCA stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cogeco Communications earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutCogeco Communications.

Who are some of Cogeco Communications' key competitors?

Some companies that are related to Cogeco Communications include Shaw Communications (SJR.B), BT Group - CLASS A (BT.A), Telefonica Deutschland (O2D), Spark New Zealand (SPK), United Internet (UTDI), Rogers Communications (RCI.A), Quebecor (QBR.B), 1&1 Drillisch (DRI), Inmarsat (ISAT), Quebecor (QBR.A), Hutchison (HTA), Airtel Africa (AAF), Airtel Africa (HTWS), Spirent Communications (SPT) and Cogeco (CGO). View all competitors.

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), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Rogers Communications (RCI.B).

Who are Cogeco Communications' key executives?

Cogeco Communications' management team includes the following people:

Mr. Louis V. Audet M.B.A., Eng., MBA, C.M., Exec. Chairman (Age 68)
Mr. Patrice Ouimet B.Com., CPA, CA, CFO & Sr. VP
Mr. Christian Jolivet L.L.B., L.L.M., LLB, LLM, Sr. VP of Corp. Affairs, Chief Legal Officer & Sec.
Mr. Richard J. Shea Eng., MBA, CEO & Pres of Atlantic Broadband Inc (Age 57)
Mr. Kenneth Edward Smithard, Pres of Cogeco Connexion

What is Cogeco Communications' stock symbol?

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

How do I buy shares of Cogeco Communications?

Shares of CCA and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Cogeco Communications' stock price today?

One share of CCA stock can currently be purchased for approximately C$102.15.

How big of a company is Cogeco Communications?

Cogeco Communications has a market capitalization of C$4.94 billion and generates C$2.34 billion in revenue each year. Cogeco Communications employs 4,574 workers across the globe.

What is Cogeco Communications' official website?

The official website for Cogeco Communications is corpo.cogeco.com.

How can I contact Cogeco Communications?

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

This page was last updated on 6/4/2020 by MarketBeat.com Staff