Cogeco Communications (TSE:CCA) had its target price trimmed by CIBC from C$93.00 to C$90.00 in a report released on Sunday, January 14th.
A number of other brokerages have also issued reports on CCA. Scotiabank cut their target price on Cogeco Communications from C$103.00 to C$95.00 and set an outperform rating on the stock in a research report on Friday, January 12th. TD Securities boosted their target price on Cogeco Communications from C$83.00 to C$87.00 and gave the company a reduce rating in a research report on Monday, November 6th. National Bank Financial boosted their target price on Cogeco Communications from C$82.00 to C$92.00 and gave the company a sector perform rating in a research report on Wednesday, November 1st. BMO Capital Markets cut their target price on Cogeco Communications from C$94.00 to C$90.00 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 target price on the stock. in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of C$88.95.
Cogeco Communications (TSE:CCA) traded down C$0.32 on Friday, reaching C$75.38. The company had a trading volume of 71,425 shares, compared to its average volume of 75,016. Cogeco Communications has a 12-month low of C$68.69 and a 12-month high of C$95.21. The firm has a market capitalization of $3,770.00, a PE ratio of 12.51 and a beta of 0.71.
Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Wednesday, January 10th. The company reported C$1.54 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations 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 given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio is currently 29.17%.
TRADEMARK VIOLATION WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/02/05/cogeco-communications-cca-price-target-lowered-to-c90-00-at-cibc.html.
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.
Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.