Cogeco Communications Inc. (TSE:CCA) Stock Has Average Target Price of C$73.11

by · The Markets Daily

Cogeco Communications Inc. (TSE:CCA – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$73.11.

A number of research analysts recently issued reports on the company. National Bank Financial decreased their target price on Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a report on Monday, August 31st. Royal Bank Of Canada decreased their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Finally, Desjardins set a C$68.00 price objective on Cogeco Communications and gave the stock a “hold” rating in a research report on Wednesday, July 15th.

Read Our Latest Stock Analysis on Cogeco Communications

Cogeco Communications Price Performance

Shares of CCA opened at C$52.14 on Monday. The company has a market cap of C$2.19 billion, a P/E ratio of -1.97, a PEG ratio of 4.77 and a beta of 0.97. Cogeco Communications has a fifty-two week low of C$50.96 and a fifty-two week high of C$77.40. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 241.79. The firm’s 50 day moving average price is C$58.76 and its 200 day moving average price is C$63.05.

Cogeco Communications (TSE:CCA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. The company had revenue of C$696.68 million during the quarter. On average, research analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Cogeco Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th were paid a $0.9870 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $3.95 dividend on an annualized basis and a yield of 7.6%. Cogeco Communications’s payout ratio is currently -14.69%.

Cogeco Communications Company Profile

(Get Free Report)

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.

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