Analysts Set Cogeco Communications Inc. (TSE:CCA) Price Target at C$87.25

Cogeco Communications Inc. (TSE:CCA) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$87.25.

A number of equities analysts recently weighed in on the stock. CIBC decreased their price objective on shares of Cogeco Communications from C$71.00 to C$68.00 in a report on Friday, October 17th. BMO Capital Markets decreased their price target on Cogeco Communications from C$75.00 to C$70.00 in a research note on Friday, October 31st. Scotiabank lowered their price target on Cogeco Communications from C$75.50 to C$74.00 in a report on Friday, October 31st. Royal Bank Of Canada dropped their price objective on Cogeco Communications from C$75.00 to C$74.00 in a research report on Thursday, July 17th. Finally, TD Securities decreased their target price on Cogeco Communications from C$98.00 to C$95.00 and set a “buy” rating for the company in a research report on Friday, October 31st.

Cogeco Communications Stock Up 0.6%

TSE:CCA opened at C$64.98 on Friday. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The firm has a market cap of C$2.74 billion, a P/E ratio of 8.55, a P/E/G ratio of 4.77 and a beta of 0.58. Cogeco Communications has a fifty-two week low of C$59.10 and a fifty-two week high of C$75.09. The firm has a 50-day simple moving average of C$64.93 and a two-hundred day simple moving average of C$66.24.

Cogeco Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.987 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.92. This represents a $3.95 annualized dividend and a dividend yield of 6.1%. Cogeco Communications’s dividend payout ratio is presently 48.53%.

About Cogeco Communications

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.