Brokerages Set Cogeco Communications Inc. (TSE:CCA) PT at C$87.25

Shares of Cogeco Communications Inc. (TSE:CCA) have received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$87.25.

Several research analysts have weighed in on CCA shares. CIBC lowered their price target on Cogeco Communications from C$71.00 to C$68.00 in a research report on Friday, October 17th. Desjardins lowered their target price on shares of Cogeco Communications from C$173.00 to C$171.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. TD Securities dropped their price target on shares of Cogeco Communications from C$98.00 to C$95.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Scotiabank cut their price target on shares of Cogeco Communications from C$75.50 to C$74.00 in a research note on Friday, October 31st. Finally, BMO Capital Markets decreased their price objective on shares of Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st.

Cogeco Communications Trading Up 0.3%

Cogeco Communications stock opened at C$66.47 on Friday. The firm has a 50-day moving average of C$66.11 and a 200-day moving average of C$65.91. Cogeco Communications has a one year low of C$59.10 and a one year high of C$73.35. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The company has a market cap of C$2.80 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 4.77 and a beta of 0.55.

Cogeco Communications (TSE:CCA) last released its earnings results on Wednesday, October 29th. The company reported C$2.09 earnings per share (EPS) for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%.The business had revenue of C$708.69 million for the quarter. On average, equities analysts expect that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Cogeco Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were issued a dividend of $0.987 per share. The ex-dividend date was Wednesday, November 12th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.92. This represents a $3.95 dividend on an annualized basis and a yield of 5.9%. Cogeco Communications’s dividend payout ratio is 48.53%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.