Ken Smithard Sells 1,100 Shares of Cogeco Communications (CCA) Stock

Cogeco Communications (TSE:CCA) insider Ken Smithard sold 1,100 shares of Cogeco Communications stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of C$67.94, for a total transaction of C$74,734.00.

CCA stock opened at C$68.96 on Friday. Cogeco Communications has a 52 week low of C$66.04 and a 52 week high of C$95.21.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Thursday, May 10th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.76%.

Several analysts recently weighed in on the stock. National Bank Financial cut their price objective on shares of Cogeco Communications from C$85.00 to C$83.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 17th. Desjardins cut their price objective on shares of Cogeco Communications from C$92.00 to C$87.00 in a research report on Monday, April 16th. Scotiabank cut their price objective on shares of Cogeco Communications from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Monday, April 16th. CIBC cut their price objective on shares of Cogeco Communications from C$90.00 to C$85.00 in a research report on Monday, April 16th. Finally, Canaccord Genuity cut their price objective on shares of Cogeco Communications from C$85.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$84.40.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It offers digital video services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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