Cogeco Communications Inc (CCA) Given Consensus Recommendation of “Hold” by Brokerages

Cogeco Communications Inc (TSE:CCA) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$88.95.

A number of equities research analysts have issued reports on CCA shares. National Bank Financial raised their target price on Cogeco Communications from C$82.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 1st. Scotiabank restated an “outperform” rating and set a C$102.00 price objective on shares of Cogeco Communications in a research note on Monday, November 6th. BMO Capital Markets restated a “market perform” rating and set a C$94.00 price objective on shares of Cogeco Communications in a research note on Monday, November 6th. Canaccord Genuity cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$89.00 to C$93.00 in a research note on Monday, November 6th. Finally, Barclays lifted their price objective on shares of Cogeco Communications from C$80.00 to C$90.00 in a research note on Monday, November 6th.

Shares of Cogeco Communications (CCA) opened at C$76.73 on Wednesday. The stock has a market capitalization of $3,800.00, a price-to-earnings ratio of 12.68 and a beta of 0.48. Cogeco Communications has a one year low of C$68.69 and a one year high of C$95.21.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.52 by C$0.02. The company had revenue of C$553.63 million for the quarter, compared to analysts’ expectations of C$555.00 million. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio is currently 29.17%.

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About Cogeco Communications

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.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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