Cogeco Communications Inc. (CCA) Insider Nathalie Dorval Sells 200 Shares
Cogeco Communications Inc. (TSE:CCA) insider Nathalie Dorval sold 200 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$92.50, for a total transaction of C$18,500.00.
Nathalie Dorval also recently made the following trade(s):
- On Monday, November 6th, Nathalie Dorval sold 100 shares of Cogeco Communications stock. The stock was sold at an average price of C$84.61, for a total transaction of C$8,461.00.
Cogeco Communications Inc. (TSE:CCA) opened at C$90.83 on Tuesday. Cogeco Communications Inc. has a 12 month low of C$63.64 and a 12 month high of C$95.21.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.43. This represents a $1.90 annualized dividend and a yield of 2.09%. Cogeco Communications’s dividend payout ratio is currently 21.39%.
Several equities research analysts have recently weighed in on CCA shares. BMO Capital Markets reiterated a “market perform” rating and set a C$94.00 price objective on shares of Cogeco Communications in a research report on Monday, November 6th. National Bank Financial increased their price objective on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. Scotiabank reiterated an “outperform” rating and set a C$102.00 price objective on shares of Cogeco Communications in a research report on Monday, November 6th. Barclays PLC increased their price objective on shares of Cogeco Communications from C$80.00 to C$90.00 in a research report on Monday, November 6th. Finally, Canaccord Genuity cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$89.00 to C$93.00 in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$91.17.
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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.
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