Shares of Cogeco Communications Inc. (TSE:CCA – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$73.11.
CCA has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their target price on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a research note on Friday, July 10th. Desjardins set a C$68.00 price target on shares of Cogeco Communications and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Finally, National Bank Financial lowered their price target on shares of Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating on the stock in a report on Monday, August 31st.
Check Out Our Latest Report on Cogeco Communications
Cogeco Communications Stock Down 1.7%
Cogeco Communications (TSE:CCA – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 earnings per share for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. The company had revenue of C$696.68 million during the quarter. Analysts expect that Cogeco Communications will post 8.4900498 EPS for the current year.
Cogeco Communications Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were paid a $0.987 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $3.95 annualized dividend and a dividend yield of 6.7%. Cogeco Communications’s payout ratio is presently -14.69%.
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.
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