Cogeco Communications Inc. (TSE:CCA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$76.17.

Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on Cogeco Communications from C$77.50 to C$75.50 in a research note on Wednesday, January 15th. CIBC dropped their price target on shares of Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th.

Cogeco Communications Trading Down 0.6 %

Shares of CCA stock opened at C$69.09 on Thursday. Cogeco Communications has a twelve month low of C$50.82 and a twelve month high of C$75.09. The stock’s fifty day simple moving average is C$65.33 and its 200 day simple moving average is C$67.46. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 8.36, a P/E/G ratio of 4.77 and a beta of 0.59.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 10th were given a $0.922 dividend. This represents a $3.69 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Monday, January 27th. Cogeco Communications’s dividend payout ratio (DPR) is presently 41.40%.

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.