National Bank Financial Forecasts TSE:CCA FY2027 Earnings

Cogeco Communications Inc. (TSE:CCA) – Analysts at National Bank Financial issued their FY2027 EPS estimates for shares of Cogeco Communications in a research note issued to investors on Thursday, January 9th. National Bank Financial analyst A. Shine expects that the company will post earnings of $8.08 per share for the year. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

CCA has been the topic of several other reports. Canaccord Genuity Group raised Cogeco Communications from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$65.00 to C$77.00 in a research report on Monday, November 4th. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$64.00 to C$80.00 in a research report on Friday, September 20th. Royal Bank of Canada increased their price target on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. BMO Capital Markets raised their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a research report on Monday, November 4th. Finally, Scotiabank upped their price objective on shares of Cogeco Communications from C$73.50 to C$77.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$77.06.

Cogeco Communications Trading Down 5.9 %

Cogeco Communications stock opened at C$63.43 on Monday. The business’s 50-day simple moving average is C$69.05 and its 200-day simple moving average is C$65.46. Cogeco Communications has a 52 week low of C$50.82 and a 52 week high of C$75.09. The firm has a market capitalization of C$1.90 billion, a PE ratio of 8.09, a PEG ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were paid a $0.922 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.69 dividend on an annualized basis and a yield of 5.81%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.85. Cogeco Communications’s payout ratio is presently 43.62%.

Insider Buying and Selling

In other Cogeco Communications news, Director Jacques Royer sold 657 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$68.86, for a total value of C$45,241.02. Following the transaction, the director now directly owns 1 shares in the company, valued at C$68.86. The trade was a 99.85 % decrease in their ownership of the stock. Also, Director Robin Anne Bienenstock acquired 2,156 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of C$69.66 per share, with a total value of C$150,189.33. Company insiders own 0.46% of the company’s stock.

About Cogeco Communications

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.