Cogeco Communications Inc. (TSE:CCA) Receives C$75.11 Average Price Target from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$75.11.

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

Cogeco Communications Stock Performance

CCA opened at C$63.57 on Friday. The stock has a market cap of C$2.67 billion, a PE ratio of 8.54, a P/E/G ratio of 4.77 and a beta of 0.93. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 141.57. Cogeco Communications has a 1 year low of C$60.89 and a 1 year high of C$77.40. The stock’s 50 day simple moving average is C$64.13 and its 200-day simple moving average is C$67.32.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Thursday, April 9th. The company reported C$1.96 earnings per share (EPS) 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%. Sell-side analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current year.

Cogeco Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, May 7th were paid a $0.987 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.95 annualized dividend and a yield of 6.2%. Cogeco Communications’s payout ratio is currently 51.32%.

About Cogeco Communications

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.