Cogeco Communications Inc (TSE:CCA) Director Lib Gibson purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average price of C$76.68 per share, with a total value of C$23,004.00.

Cogeco Communications Inc (TSE CCA) opened at C$76.20 on Thursday. The company has a market cap of $3,890.00, a price-to-earnings ratio of 12.70 and a beta of 0.71. Cogeco Communications Inc has a 1-year low of C$68.69 and a 1-year high of C$95.21.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, January 23rd. Cogeco Communications’s dividend payout ratio (DPR) is 29.17%.

A number of brokerages recently issued reports on CCA. CIBC dropped their price target on shares of Cogeco Communications from C$93.00 to C$90.00 in a research note on Sunday, January 14th. Barclays decreased their price objective on shares of Cogeco Communications from C$90.00 to C$86.00 in a report on Friday, January 12th. BMO Capital Markets decreased their price objective on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. National Bank Financial decreased their price objective on shares of Cogeco Communications from C$96.00 to C$88.00 and set a “sector perform” rating for the company in a report on Friday, January 12th. Finally, TD Securities lifted their price objective on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the stock a “hold” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Cogeco Communications currently has an average rating of “Hold” and a consensus target price of C$88.95.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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