Cogeco Cable Plans Dividend of C$0.28 (CCA)
Cogeco Cable (TSE:CCA) announced a dividend on Monday, January 13th, StockRatingsNetwork.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.276 per share on Monday, February 10th. The ex-dividend date is Thursday, January 23rd.
A number of research firms have recently commented on CCA. Analysts at CIBC upgraded shares of Cogeco Cable from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. On a related note, analysts at TD Securities raised their price target on shares of Cogeco Cable from C$72.00 to C$78.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cogeco Cable presently has a consensus rating of “Buy” and a consensus target price of C$55.56.
Shares of Cogeco Cable (TSE:CCA) opened at 49.94 on Friday. Cogeco Cable has a 52-week low of $41.50 and a 52-week high of $52.29. The stock has a 50-day moving average of $48.27 and a 200-day moving average of $48.80. The company has a market cap of $2.432 billion and a P/E ratio of 12.66.
Cogeco Cable is a telecommunications corporation, the hybrid fibre coaxial cable operator in Ontario and Quebec.
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