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

Cogeco Communications Inc. (TSE:CCA) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$75.11.

A number of research analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. TD Securities raised Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Royal Bank Of Canada upped their price target on Cogeco Communications from C$76.00 to C$77.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. National Bank Financial raised Cogeco Communications from a “hold” rating to an “outperform” rating and upped their price target for the company from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Finally, TD raised Cogeco Communications from a “hold” rating to a “buy” rating and dropped their price target for the company from C$85.00 to C$83.00 in a research report on Monday, April 13th.

Cogeco Communications Stock Up 0.2%

Shares of TSE CCA opened at C$65.55 on Tuesday. Cogeco Communications has a one year low of C$60.89 and a one year high of C$77.40. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The business’s fifty day moving average price is C$66.50 and its 200-day moving average price is C$67.49. The stock has a market capitalization of C$2.75 billion, a PE ratio of 8.81, a P/E/G ratio of 4.77 and a beta of 0.94.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 EPS for the quarter. Cogeco Communications had a return on equity of 9.93% and a net margin of 11.13%.The firm had revenue of C$693.56 million for the quarter. On average, equities research analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current year.

Cogeco Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, May 7th were issued a dividend of $0.987 per share. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.95 dividend on an annualized basis and a yield of 6.0%. Cogeco Communications’s dividend payout ratio is 51.32%.

About Cogeco Communications

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.