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

Cogeco Communications Inc. (TSE:CCAGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$73.22.

CCA has been the subject of several research reports. Royal Bank Of Canada cut their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. National Bank Financial lowered Cogeco Communications from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$75.00 to C$70.00 in a research note on Friday, July 17th. Finally, Desjardins set a C$68.00 price objective on Cogeco Communications and gave the stock a “hold” rating in a report on Wednesday, July 15th.

Check Out Our Latest Analysis on CCA

Cogeco Communications Price Performance

Shares of TSE CCA opened at C$60.77 on Friday. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47. Cogeco Communications has a fifty-two week low of C$58.42 and a fifty-two week high of C$77.40. The stock has a market cap of C$2.55 billion, a PE ratio of -2.30, a price-to-earnings-growth ratio of 4.77 and a beta of 0.94. The stock has a fifty day moving average of C$62.86 and a 200-day moving average of C$65.91.

Cogeco Communications (TSE:CCAGet Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. The company had revenue of C$696.68 million during the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Equities research analysts anticipate 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 Wednesday, August 12th. Stockholders of record on Wednesday, August 12th were issued a $0.987 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $3.95 annualized dividend and a dividend yield of 6.5%. Cogeco Communications’s payout ratio is currently -14.69%.

Cogeco Communications Company Profile

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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.

Further Reading

Analyst Recommendations for Cogeco Communications (TSE:CCA)

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