Cogeco Communications Inc. (TSE:CCA) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$73.11.

A number of research analysts have weighed in on CCA shares. National Bank Financial decreased their price objective on shares of Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a research report on Monday, August 31st. Desjardins set a C$68.00 target price on Cogeco Communications and gave the company a “hold” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th.

Cogeco Communications Stock Performance

TSE CCA opened at C$52.14 on Monday. The business’s 50 day moving average price is C$58.76 and its 200-day moving average price is C$62.99. Cogeco Communications has a fifty-two week low of C$50.96 and a fifty-two week high of C$77.40. The company has a market cap of C$2.19 billion, a P/E ratio of -1.97, a P/E/G ratio of 4.77 and a beta of 0.97. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. The company had revenue of C$696.68 million during the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. Sell-side analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current year.

Cogeco Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were issued a $0.9870 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $3.95 dividend on an annualized basis and a yield of 7.6%. Cogeco Communications’s dividend payout ratio (DPR) is -14.69%.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.