Shares of Cogeco Communications Inc. (TSE:CCA – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$75.11.
A number of research firms recently issued reports on CCA. Canaccord Genuity Group dropped their target price on shares of 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. Royal Bank Of Canada boosted their target price on shares of 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. Scotiabank dropped their target price on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. TD Securities upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Desjardins dropped their target price on shares of Cogeco Communications from C$71.00 to C$68.00 and set a “hold” rating on the stock in a research report on Monday, April 13th.
Get Our Latest Stock Report on CCA
Cogeco Communications Stock Up 0.9%
Cogeco Communications (TSE:CCA – Get Free Report) last issued its quarterly earnings results on Thursday, April 9th. The company reported C$1.96 earnings per share (EPS) for the quarter. The firm had revenue of C$693.56 million for the quarter. Cogeco Communications had a net margin of 11.13% and a return on equity of 9.93%. Equities analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current year.
Cogeco Communications Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, May 7th were given a dividend of $0.987 per share. This represents a $3.95 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Thursday, April 23rd. Cogeco Communications’s payout ratio is presently 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.
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