Cogeco Communications Inc. (TSE:CCA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cogeco Communications Inc. (TSE:CCA) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$75.11.

A number of equities research analysts have issued reports on the stock. TD raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and cut their price objective for the company from C$85.00 to C$83.00 in a report on Monday, April 13th. Canaccord Genuity Group cut their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating for the company in a report on Monday, April 13th. TD Securities raised shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Royal Bank Of Canada increased their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, Scotiabank cut their price objective on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating for the company in a report on Monday, April 13th.

Cogeco Communications Trading Up 1.8%

Cogeco Communications stock opened at C$63.85 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 141.57. Cogeco Communications has a 12-month low of C$60.89 and a 12-month high of C$77.40. The firm has a 50 day moving average of C$64.14 and a 200 day moving average of C$67.40. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 4.77 and a beta of 0.93.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Thursday, April 9th. The company reported C$1.96 earnings per share (EPS) for the quarter. Cogeco Communications had a net margin of 11.13% and a return on equity of 9.93%. The business had revenue of C$693.56 million during the quarter. As a group, research analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Cogeco Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.987 per share. This represents a $3.95 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Thursday, April 23rd. Cogeco Communications’s dividend payout ratio (DPR) is 51.32%.

Cogeco Communications Company Profile

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.