Cogeco Communications Inc (TSE:CCA) Senior Officer Pierre Maheux sold 274 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of C$105.35, for a total value of C$28,865.90. Following the transaction, the insider now owns 1,934 shares in the company, valued at C$203,746.90.
TSE CCA opened at C$104.57 on Thursday. The company has a market cap of $5.26 billion and a PE ratio of 14.98. Cogeco Communications Inc has a one year low of C$61.68 and a one year high of C$107.22. The company has a quick ratio of 1.71, a current ratio of 1.80 and a debt-to-equity ratio of 136.92. The business’s fifty day simple moving average is C$95.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Tuesday, July 23rd. Cogeco Communications’s payout ratio is 29.37%.
CCA has been the topic of several recent analyst reports. Echelon Wealth Partners raised their price objective on Cogeco Communications from C$98.00 to C$106.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity raised their price objective on Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, July 12th. National Bank Financial raised their price objective on Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 12th. Royal Bank of Canada restated a “hold” rating and set a $0.35 price objective on shares of DB Commodity Double Short ETN in a research note on Friday, July 12th. Finally, CIBC upgraded Alaris Royalty to a “buy” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cogeco Communications currently has a consensus rating of “Buy” and an average price target of C$99.33.
Cogeco Communications Company Profile
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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