Cogeco Communications Inc. (TSE:CCA) Announces $0.85 Quarterly Dividend

Cogeco Communications Inc. (TSE:CCAGet Free Report) declared a quarterly dividend on Friday, April 12th, Zacks reports. Investors of record on Thursday, April 25th will be given a dividend of 0.854 per share on Thursday, May 9th. This represents a $3.42 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Wednesday, April 24th.

Cogeco Communications Price Performance

Shares of TSE CCA opened at C$56.58 on Monday. The company has a debt-to-equity ratio of 136.39, a current ratio of 0.59 and a quick ratio of 0.49. The firm has a market capitalization of C$1.71 billion, a PE ratio of 6.80, a P/E/G ratio of 4.77 and a beta of 0.47. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$72.56. The business’s fifty day moving average price is C$59.41 and its two-hundred day moving average price is C$58.35.

Cogeco Communications (TSE:CCAGet Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.33. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The business had revenue of C$730.50 million for the quarter, compared to analysts’ expectations of C$735.00 million. On average, research analysts expect that Cogeco Communications will post 8.4785185 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on CCA shares. Canaccord Genuity Group dropped their target price on Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a report on Monday, April 15th. Scotiabank dropped their price objective on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating on the stock in a research note on Monday, April 15th. BMO Capital Markets raised their target price on Cogeco Communications from C$64.00 to C$65.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Desjardins lowered their target price on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada upped their price target on shares of Cogeco Communications from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cogeco Communications currently has a consensus rating of “Hold” and a consensus price target of C$69.69.

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Cogeco Communications Company Profile

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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.

See Also

Dividend History for Cogeco Communications (TSE:CCA)

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