Analysts Set Cogeco Communications Inc. (TSE:CCA) Price Target at C$75.56

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$75.22.

Several research firms recently issued reports on CCA. Desjardins set a C$73.00 price objective on Cogeco Communications and gave the company a “hold” rating in a research report on Thursday, October 9th. Royal Bank Of Canada lowered their price objective on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday, July 17th. Scotiabank lowered their price objective on Cogeco Communications from C$75.50 to C$75.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 17th. BMO Capital Markets lowered their price objective on Cogeco Communications from C$80.00 to C$75.00 in a research report on Thursday, July 17th. Finally, CIBC decreased their target price on shares of Cogeco Communications from C$71.00 to C$68.00 in a research note on Friday.

Cogeco Communications Stock Performance

CCA stock opened at C$66.56 on Monday. The stock has a market capitalization of C$2.80 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 4.77 and a beta of 0.52. Cogeco Communications has a 12-month low of C$59.10 and a 12-month high of C$75.09. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The stock’s 50 day simple moving average is C$64.25 and its 200 day simple moving average is C$66.26.

Cogeco Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 12th were paid 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 5.5%. Cogeco Communications’s payout ratio is currently 46.89%.

About Cogeco Communications

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.