S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
TSE:CCA

Cogeco Communications (CCA) Stock Forecast, Price & News

C$83.34
-0.17 (-0.20%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
C$82.60
C$83.67
50-Day Range
C$81.94
C$105.98
52-Week Range
C$80.30
C$119.27
Volume
37,332 shs
Average Volume
87,837 shs
Market Capitalization
C$3.83 billion
P/E Ratio
9.42
Dividend Yield
3.38%
Price Target
C$114.07

Cogeco Communications MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
36.9% Upside
C$114.07 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.16mentions of Cogeco Communications in the last 14 days
Based on 27 Articles This Week
Insider Trading
Acquiring Shares
C$14.37 M Bought 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.

2.73 out of 5 stars

Cogeco Communications logo

About Cogeco Communications (TSE:CCA) Stock

Cogeco Communications Inc. operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks. It provides Internet services using modems, Wi-Fi gateways, and extenders either on a rental basis or as part of the Internet service package; video services on a subscription basis; home phone services using Internet protocol (IP); local and long-distance calling services; broadband Internet services; and IP based telephony services and other network connectivity services delivered over fiber optic connection to larger businesses. The company serves the primary service units, Internet, video, and telephony service customers. It offers cable operator services under the Cogeco Connexion name in Québec and Ontario, and in the United States under the Atlantic Broadband 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 1972 and is headquartered in Montreal, Canada. Cogeco Communications Inc. operates as a subsidiary of Cogeco Inc.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Cogeco Communications from C$127.00 to C$118.00 in a research report on Tuesday, July 12th. Scotiabank cut their price target on Cogeco Communications from C$114.50 to C$112.50 in a report on Friday, July 15th. CIBC cut Cogeco Communications from an "outperform" rating to a "hold" rating and cut their price target for the company from C$126.00 to C$100.00 in a report on Wednesday, June 29th. National Bank Financial cut Cogeco Communications from an "outperform market weight" rating to a "sector perform market weight" rating in a report on Thursday, July 14th. Finally, National Bankshares cut Cogeco Communications from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$119.00 to C$108.00 in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$116.06.

Cogeco Communications Price Performance

Shares of CCA Stock traded down C$0.17 during trading hours on Friday, hitting C$83.34. The company had a trading volume of 37,332 shares, compared to its average volume of 87,837. Cogeco Communications has a 12 month low of C$80.30 and a 12 month high of C$119.27. The firm has a market capitalization of C$3.83 billion and a price-to-earnings ratio of 9.42. The firm's fifty day moving average is C$90.09 and its 200 day moving average is C$98.82. The company has a debt-to-equity ratio of 148.86, a quick ratio of 0.53 and a current ratio of 0.56.

Cogeco Communications (TSE:CCA - Get Rating) last released its quarterly earnings data on Wednesday, July 13th. The company reported C$2.16 earnings per share for the quarter, missing the consensus estimate of C$2.29 by C($0.13). The firm had revenue of C$728.12 million during the quarter. On average, sell-side analysts predict that Cogeco Communications will post 9.2599999 EPS for the current fiscal year.

Cogeco Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Wednesday, August 10th will be paid a $0.705 dividend. The ex-dividend date is Tuesday, July 26th. This represents a $2.82 annualized dividend and a dividend yield of 3.38%. Cogeco Communications's dividend payout ratio is currently 31.13%.

Insider Activity

In related news, Director Louis Audet sold 33,900 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of C$104.81, for a total transaction of C$3,553,059.00. Following the sale, the director now directly owns 106,868 shares in the company, valued at approximately C$11,200,835.08. In related news, Director Louis Audet sold 33,900 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of C$104.81, for a total transaction of C$3,553,059.00. Following the sale, the director now directly owns 106,868 shares in the company, valued at approximately C$11,200,835.08. Also, Director Robin Anne Bienenstock purchased 890 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of C$84.00 per share, for a total transaction of C$74,757.33. Following the completion of the transaction, the director now owns 890 shares in the company, valued at C$74,757.33. In the last ninety days, insiders have purchased 158,890 shares of company stock worth $14,374,681.

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CCA Stock News Headlines

Cogeco Communications Inc stock eased on Friday.
Cogeco Communications (TSE:CCA) PT Lowered to C$118.00
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CCA Company Calendar

Ex-Dividend for 5/11 Dividend
4/26/2022
Dividend Payable
5/11/2022
Last Earnings
7/13/2022
Ex-Dividend for 8/10 Dividend
7/26/2022
Today
8/07/2022
Dividend Payable
8/10/2022
Next Earnings (Estimated)
11/10/2022

Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,854
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$114.07
High Stock Price Forecast
C$120.00
Low Stock Price Forecast
C$100.00
Forecasted Upside/Downside
+36.9%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.81 billion
Cash Flow
C$8.26 per share
Book Value
C$57.57 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.83 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Philippe Jette Eng. (Age 57)
    P.Eng, Pres, CEO & Director
    Comp: $2.18M
  • Mr. Patrice Ouimet B.Com.
    C.A., CA, CPA, FCPA, CFO & Sr. VP
  • Mr. Frank H. M. van der Post B.S. (Age 61)
    M.S., Pres of Breezeline
    Comp: $1.38M
  • Mr. Frederic Perron B.Com.
    Pres of Cogeco Connexion
  • Mr. Michel Blais
    VP of Network, Operations & Technology Delivery
  • Dr. Zouheir Mansourati M.Sc.
    Ph.D., Sr. VP & CTO
  • Ms. Andree Pinard C.A.
    CPA, M.B.A., VP of Investor Relations & Treasurer
  • Mr. Christian Jolivet L.L.B.
    L.L.M., LLB, LLM, Sr. VP of Corp. Affairs, Chief Legal Officer & Sec.
  • Ms. Marie-Helene Labrie M.Sc.
    Sr. VP and Chief Public Affairs, Communications & Strategy Officer
  • Ms. Liette Vigneault M.B.A.
    VP of HR & Communications













CCA Stock - Frequently Asked Questions

Should I buy or sell Cogeco Communications stock right now?

5 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "hold" Cogeco Communications stock. 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 analyst ratings for Cogeco Communications
or view top-rated stocks.

What is Cogeco Communications' stock price forecast for 2022?

5 Wall Street research analysts have issued 1 year price targets for Cogeco Communications' shares. Their CCA stock forecasts range from C$100.00 to C$120.00. On average, they predict Cogeco Communications' share price to reach C$114.07 in the next twelve months. This suggests a possible upside of 36.9% from the stock's current price.
View analysts' price targets for Cogeco Communications
or view top-rated stocks among Wall Street analysts.

How has Cogeco Communications' stock price performed in 2022?

Cogeco Communications' stock was trading at C$100.73 at the beginning of 2022. Since then, CCA stock has decreased by 17.3% and is now trading at C$83.34.
View the best growth stocks for 2022 here
.

When is Cogeco Communications' next earnings date?

Cogeco Communications is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our earnings forecast for Cogeco Communications
.

How were Cogeco Communications' earnings last quarter?

Cogeco Communications Inc. (TSE:CCA) posted its quarterly earnings data on Wednesday, July, 13th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.29 by $0.13. The firm had revenue of $728.12 million for the quarter.

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

Cogeco Communications declared a quarterly dividend on Tuesday, July 26th. Investors of record on Wednesday, August 10th will be given a dividend of 0.705 per share on Wednesday, August 10th. This represents a $2.82 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, July 26th.
View Cogeco Communications' dividend history
.

Is Cogeco Communications a good dividend stock?

Cogeco Communications(TSE:CCA) pays an annual dividend of C$2.76 per share and currently has a dividend yield of 3.38%. The dividend payout ratio of Cogeco Communications is 31.13%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cogeco Communications' dividend history.

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).

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 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.

What is Cogeco Communications' stock price today?

One share of CCA stock can currently be purchased for approximately C$83.34.

How much money does Cogeco Communications make?

Cogeco Communications (TSE:CCA) has a market capitalization of C$3.83 billion and generates C$2.81 billion in revenue each year.

How many employees does Cogeco Communications have?

Cogeco Communications employs 3,854 workers across the globe.

How can I contact Cogeco Communications?

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

This page (TSE:CCA) was last updated on 8/7/2022 by MarketBeat.com Staff

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