Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Tuesday, July 23rd, TickerTech reports. Investors of record on Wednesday, August 7th will be paid a dividend of 0.525 per share on Wednesday, August 7th. This represents a $2.10 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, July 23rd.
Shares of CCA opened at C$104.83 on Monday. The business has a 50-day moving average of C$95.60. The stock has a market cap of $5.26 billion and a PE ratio of 13.24. Cogeco Communications has a 1-year low of C$61.68 and a 1-year high of C$107.22. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71.
Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, July 10th. The company reported C$1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.77 by C$0.19. The company had revenue of C$587.35 million during the quarter, compared to analysts’ expectations of C$585.50 million. Equities analysts anticipate that Cogeco Communications will post 7.6699999 EPS for the current year.
CCA has been the topic of several research analyst reports. Desjardins lifted their target price on Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday, July 12th. Canaccord Genuity lifted their target price on Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Echelon Wealth Partners lifted their target price on Cogeco Communications from C$98.00 to C$106.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. CIBC reaffirmed a “hold” rating and set a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday. Finally, National Bank Financial lifted their target price on Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cogeco Communications currently has a consensus rating of “Buy” and an average price target of C$100.00.
In related news, Senior Officer Pierre Maheux sold 274 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of C$105.35, for a total value of C$28,865.90. Following the completion of the sale, the insider now directly owns 1,934 shares in the company, valued at approximately C$203,746.90. Also, Director Louis Audet sold 15,028 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of C$104.60, for a total value of C$1,571,928.80. Following the completion of the sale, the director now owns 90,980 shares of the company’s stock, valued at C$9,516,508.
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 and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, 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.
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