Cogeco Communications Inc (CCA) Receives C$82.89 Consensus Target Price from Analysts
Shares of Cogeco Communications Inc (TSE:CCA) have been assigned an average recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$82.89.
CCA has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on Cogeco Communications from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a report on Friday, November 2nd. National Bank Financial lifted their price target on shares of Cogeco Communications from C$79.00 to C$80.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd.
TSE CCA opened at C$64.85 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 167.75. Cogeco Communications has a 52-week low of C$61.68 and a 52-week high of C$91.65.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 28th were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, November 13th. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.48. This represents a $2.10 annualized dividend and a dividend yield of 3.24%. Cogeco Communications’s dividend payout ratio (DPR) is 8.85%.
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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