Cogeco Communications Inc (CCA) Given Average Recommendation of “Hold” by Analysts
Cogeco Communications Inc (TSE:CCA) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$85.08.
A number of equities analysts recently issued reports on the company. Scotiabank raised their price target on Cogeco Communications from C$83.00 to C$95.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. TD Securities raised their price target on Cogeco Communications from C$80.00 to C$83.00 and gave the stock a “reduce” rating in a report on Tuesday, July 18th. Barclays PLC raised their price target on Cogeco Communications from C$75.00 to C$80.00 in a report on Monday, July 17th. Royal Bank Of Canada raised their price target on Cogeco Communications from C$76.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$82.00 price target on shares of Cogeco Communications in a report on Tuesday, July 11th.
In related news, insider Elizabeth Alves sold 996 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of C$87.05, for a total value of C$86,701.80. Also, insider René Guimond sold 900 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00. In the last 90 days, insiders sold 2,096 shares of company stock valued at $183,087.
Shares of Cogeco Communications (CCA) traded up 0.13% during trading on Tuesday, hitting $92.22. The stock had a trading volume of 85,938 shares. The stock has a market cap of $4.54 billion and a price-to-earnings ratio of 15.08. The stock’s 50-day moving average is $85.26 and its 200-day moving average is $77.59. Cogeco Communications has a 12-month low of $60.62 and a 12-month high of $92.31.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $1.72 dividend on an annualized basis and a yield of 1.87%.
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.
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