Cogeco Communications Inc. (TSE:CCA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$75.11.

CCA has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their target price on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Desjardins lowered their target price on Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada upped their target price on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to an “outperform” rating and upped their target price for the company from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Finally, TD Securities upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th.

Cogeco Communications Stock Performance

CCA opened at C$65.97 on Tuesday. The stock has a market cap of C$2.77 billion, a P/E ratio of 8.87, a P/E/G ratio of 4.77 and a beta of 0.94. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The stock’s 50 day simple moving average is C$65.85 and its 200 day simple moving average is C$67.53. Cogeco Communications has a 1-year low of C$60.89 and a 1-year high of C$77.40.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 earnings per share for the quarter. The business had revenue of C$693.56 million for the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%. As a group, equities analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Thursday, May 7th were issued a $0.987 dividend. This represents a $3.95 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, April 23rd. Cogeco Communications’s dividend payout ratio is 51.32%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.