Shares of Cogeco Communications Inc (TSE:CCA) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$88.95.
A number of brokerages have recently weighed in on CCA. CIBC dropped their price objective on shares of Cogeco Communications from C$93.00 to C$90.00 in a report on Sunday, January 14th. Barclays dropped their price objective on shares of Cogeco Communications from C$90.00 to C$86.00 in a report on Friday, January 12th. BMO Capital Markets dropped their price objective on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. TD Securities raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and set a C$89.00 price objective on the stock in a report on Tuesday. Finally, Scotiabank dropped 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 report on Friday, January 12th.
Cogeco Communications (TSE:CCA) traded down C$0.84 during midday trading on Friday, reaching C$73.06. 22,566 shares of the company’s stock traded hands, compared to its average volume of 78,798. Cogeco Communications has a fifty-two week low of C$68.69 and a fifty-two week high of C$95.21. The stock has a market capitalization of $3,720.00, a price-to-earnings ratio of 12.26 and a beta of 0.52.
Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 13.81% and a return on equity of 18.83%. The business had revenue of C$553.63 million for the quarter, compared to analyst estimates of C$555.00 million.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio (DPR) is presently 29.17%.
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Cogeco Communications Company Profile
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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