Cogeco Communications (TSE:CCA) had its target price upped by TD Securities from C$87.00 to C$89.00 in a report released on Friday, January 12th. TD Securities currently has a hold rating on the stock.
A number of other equities research analysts have also weighed in on CCA. Barclays lifted their target price on Cogeco Communications from C$80.00 to C$90.00 in a research report on Monday, November 6th. CIBC boosted their price target on Cogeco Communications from C$78.00 to C$93.00 in a research report on Monday, January 8th. National Bank Financial boosted their price target on Cogeco Communications from C$82.00 to C$92.00 and gave the stock a sector perform rating in a research report on Wednesday, November 1st. Scotiabank reduced their price target on Cogeco Communications from C$103.00 to C$95.00 and set an outperform rating for the company in a research report on Friday, January 12th. Finally, Macquarie lowered Cogeco Communications from an outperform rating to a neutral rating and set a C$90.00 price target for the company. in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$88.95.
Cogeco Communications (CCA) opened at C$75.70 on Friday. The firm has a market capitalization of $3,770.00, a P/E ratio of 12.51 and a beta of 0.71. Cogeco Communications has a 1-year low of C$68.69 and a 1-year high of C$95.21.
Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%. The firm had revenue of C$553.63 million during the quarter, compared to analyst estimates of C$555.00 million.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, February 7th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.90 annualized dividend and a dividend yield of 2.51%. Cogeco Communications’s dividend payout ratio (DPR) 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.
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