Cogeco Communications Inc. (TSE:CCA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$76.03.

A number of equities analysts have weighed in on CCA shares. CIBC lifted their price objective on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. National Bankshares lifted their price target on Cogeco Communications from C$66.00 to C$71.00 in a research report on Friday, January 16th. TD Securities boosted their price target on Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a report on Friday, January 16th. Scotiabank upped their price objective on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. Finally, Desjardins set a C$71.00 target price on shares of Cogeco Communications and gave the company a “hold” rating in a report on Monday, January 12th.

Cogeco Communications Stock Down 0.6%

CCA stock opened at C$71.21 on Wednesday. The company has a market capitalization of C$2.99 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 4.77 and a beta of 0.65. Cogeco Communications has a 12 month low of C$59.10 and a 12 month high of C$74.39. The firm’s fifty day simple moving average is C$67.09 and its 200-day simple moving average is C$65.79. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49.

Cogeco Communications (TSE:CCA) last issued its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. The firm had revenue of C$707.25 million during the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. As a group, equities research analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Cogeco Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were issued a $0.987 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.92. This represents a $3.95 dividend on an annualized basis and a yield of 5.5%. Cogeco Communications’s dividend payout ratio is presently 51.34%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.