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TSE:CCA

Cogeco Communications - CCA Stock Forecast, Price & News

C$85.31
+1.16 (+1.38%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$84.41
C$85.71
50-Day Range
C$81.94
C$100.02
52-Week Range
C$80.30
C$119.27
Volume
63,327 shs
Average Volume
87,216 shs
Market Capitalization
C$4.06 billion
P/E Ratio
9.64
Dividend Yield
3.35%
Price Target
C$114.07

Cogeco Communications MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
33.7% Upside
C$114.07 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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.

2.46 out of 5 stars

CCA stock 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.

Cogeco Communications Stock Performance

Shares of CCA traded up C$1.19 on Thursday, reaching C$84.15. 78,712 shares of the stock traded hands, compared to its average volume of 87,372. The firm has a market cap of C$4.01 billion and a price-to-earnings ratio of 9.51. The company has a debt-to-equity ratio of 148.86, a current ratio of 0.56 and a quick ratio of 0.53. Cogeco Communications has a 12 month low of C$80.30 and a 12 month high of C$119.27. The stock's 50-day moving average price is C$88.42 and its 200-day moving average price is C$98.39.

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 (EPS) for the quarter, missing analysts' consensus estimates of C$2.29 by C($0.13). The firm had revenue of C$728.12 million during the quarter. Equities analysts forecast that Cogeco Communications will post 9.2600004 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, July 26th. Cogeco Communications's dividend payout ratio is presently 31.13%.

Wall Street Analysts Forecast Growth

CCA has been the topic of a number of recent analyst reports. Scotiabank cut their price objective on Cogeco Communications from C$114.50 to C$112.50 in a research note on Friday, July 15th. National Bank Financial downgraded Cogeco Communications from an "outperform market weight" rating to a "sector perform market weight" rating in a research note on Thursday, July 14th. BMO Capital Markets cut their price objective on Cogeco Communications from C$130.00 to C$120.00 in a research note on Friday, July 15th. CIBC downgraded Cogeco Communications from an "outperform" rating to a "hold" rating and dropped their price target for the stock from C$126.00 to C$100.00 in a research report on Wednesday, June 29th. Finally, National Bankshares downgraded Cogeco Communications from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$119.00 to C$108.00 in a research report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$116.06.

Insider Buying and Selling at Cogeco Communications

In other Cogeco Communications news, Senior Officer Christian Jolivet sold 950 shares of the company's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of C$103.50, for a total value of C$98,325.00. Following the sale, the insider now directly owns 15,994 shares in the company, valued at C$1,655,379. In other Cogeco Communications news, Senior Officer Christian Jolivet sold 950 shares of the company's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of C$103.50, for a total value of C$98,325.00. Following the sale, the insider now directly owns 15,994 shares in the company, valued at C$1,655,379. Also, insider Cogeco Communications Inc. purchased 2,500 shares of the stock in a transaction on Wednesday, June 1st. The stock was bought at an average price of C$104.81 per share, for a total transaction of C$262,028.00. Following the completion of the transaction, the insider now directly owns 2,500 shares of the company's stock, valued at C$262,028. Insiders have purchased 158,890 shares of company stock worth $14,374,681 over the last three months.

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CCA Stock News Headlines

Cogeco Communications Inc stock eased on Friday.
Stocks in play: Cogeco Communications Inc
Cogeco Communications Inc stock dipped on Tuesday.
Cogeco Communications Inc stock dipped on Thursday.
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CCA Company Calendar

Last Earnings
7/13/2022
Ex-Dividend for 8/10 Dividend
7/26/2022
Dividend Payable
8/10/2022
Today
8/12/2022
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
+33.7%
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$8.45 per share
Book Value
C$57.57 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.06 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 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 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 forecast for 2022?

5 brokers have issued 12 month price targets for Cogeco Communications' shares. Their CCA share price forecasts range from C$100.00 to C$120.00. On average, they anticipate the company's share price to reach C$114.07 in the next twelve months. This suggests a possible upside of 33.7% 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 2022?

Cogeco Communications' stock was trading at C$100.73 at the beginning of the year. Since then, CCA shares have decreased by 15.3% and is now trading at C$85.31.
View the best growth stocks for 2022 here
.

When is Cogeco Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our CCA earnings forecast
.

How were Cogeco Communications' earnings last quarter?

Cogeco Communications Inc. (TSE:CCA) posted its earnings results on Wednesday, July, 13th. The company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.29 by $0.13. The company earned $728.12 million during 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. Stockholders of record on Wednesday, August 10th will be paid a dividend of 0.705 per share on Wednesday, August 10th. This represents a $2.82 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, July 26th.
Read our dividend analysis for CCA
.

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 3.35%. The dividend payout ratio is 31.13%. 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).

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 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.

What is Cogeco Communications' stock price today?

One share of CCA stock can currently be purchased for approximately C$85.31.

How much money does Cogeco Communications make?

Cogeco Communications (TSE:CCA) has a market capitalization of C$4.06 billion and generates C$2.81 billion in revenue each year.

How many employees does Cogeco Communications have?

The company 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 the company is corpo.cogeco.com. The company can be reached via phone at +1-514-7644700.

This page (TSE:CCA) was last updated on 8/12/2022 by MarketBeat.com Staff

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