Cogeco Communications (TSE:CCA) Price Target Cut to C$90.00

Cogeco Communications (TSE:CCA) had its price target cut by CIBC from C$93.00 to C$90.00 in a research report sent to investors on Sunday, January 14th.

CCA has been the topic of a number of other reports. Scotiabank reduced their price objective on shares of Cogeco Communications from C$103.00 to C$95.00 and set an outperform rating on the stock in a research note on Friday, January 12th. TD Securities increased their target price on shares of Cogeco Communications from C$83.00 to C$87.00 and gave the stock a reduce rating in a research note on Monday, November 6th. National Bank Financial upped their price objective on shares of Cogeco Communications from C$82.00 to C$92.00 and gave the stock a sector perform rating in a report on Wednesday, November 1st. BMO Capital Markets lowered their price objective on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. Finally, Macquarie downgraded shares of Cogeco Communications from an outperform rating to a neutral rating and set a C$90.00 price objective on the stock. in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of C$88.95.

Cogeco Communications (TSE CCA) opened at C$77.91 on Friday. Cogeco Communications has a 12-month low of C$68.69 and a 12-month high of C$95.21. The stock has a market cap of $3,860.00, a P/E ratio of 12.88 and a beta of 0.71.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.90 dividend on an annualized basis and a yield of 2.44%. Cogeco Communications’s dividend payout ratio is presently 29.17%.

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About Cogeco Communications

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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