Cogeco Communications Inc (TSE:CCA) Director Jacques Royer sold 544 shares of Cogeco Communications stock in a transaction on Monday, July 16th. The stock was sold at an average price of C$71.52, for a total transaction of C$38,906.88.

Shares of TSE:CCA opened at C$70.94 on Wednesday. Cogeco Communications Inc has a 12 month low of C$63.60 and a 12 month high of C$95.21.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Investors of record on Wednesday, August 8th will be issued a dividend of $0.475 per share. The ex-dividend date is Tuesday, July 24th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.68%.

A number of brokerages have recently weighed in on CCA. Royal Bank of Canada reduced their price target on shares of Cogeco Communications from C$89.00 to C$86.00 in a research report on Tuesday, April 10th. Barclays dropped their price objective on shares of Cogeco Communications from C$86.00 to C$70.00 in a report on Monday, April 16th. Desjardins dropped their price objective on shares of Cogeco Communications from C$87.00 to C$82.00 and set a “hold” rating on the stock in a report on Saturday. National Bank Financial raised their price objective on shares of Cogeco Communications from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a report on Saturday. Finally, Canaccord Genuity dropped their price objective on shares of Cogeco Communications from C$85.00 to C$73.00 and set a “hold” rating on the stock in a report on Monday, April 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cogeco Communications has an average rating of “Hold” and an average price target of C$83.60.

About Cogeco Communications

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 services and programming, such as basic services, digital tier packages, pay-per-view channels, discretionary services, video-on-demand services, high definition television, 4K television, 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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Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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