Cogeco Communications Inc. (TSE:CCA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$75.67.

CCA has been the topic of several recent analyst reports. Scotiabank decreased their price objective on shares of Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating on the stock in a report on Thursday, July 17th. Royal Bank Of Canada decreased their price objective on shares of Cogeco Communications from C$75.00 to C$74.00 in a report on Thursday, July 17th. Desjardins upped their price objective on shares of Cogeco Communications from C$72.00 to C$74.00 in a report on Thursday, July 10th. National Bankshares lowered shares of Cogeco Communications from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$80.00 to C$69.00 in a report on Tuesday, August 12th. Finally, National Bank Financial lowered shares of Cogeco Communications from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th.

Cogeco Communications Stock Performance

Shares of CCA stock opened at C$64.49 on Thursday. The firm’s 50 day moving average price is C$64.33 and its 200-day moving average price is C$66.66. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. Cogeco Communications has a one year low of C$59.10 and a one year high of C$75.09. The firm has a market cap of C$2.72 billion, a P/E ratio of 8.35, a P/E/G ratio of 4.77 and a beta of 0.64.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.922 per share. The ex-dividend date was Tuesday, July 29th. This represents a $3.69 dividend on an annualized basis and a yield of 5.7%. Cogeco Communications’s dividend payout ratio is 46.89%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.