Cogeco Communications Inc (TSE:CCA) has received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$88.95.
Several research firms have weighed in on CCA. Scotiabank reduced their target price on Cogeco Communications from C$103.00 to C$95.00 and set an “outperform” rating on the stock in a report on Friday, January 12th. CIBC reduced their target price on Cogeco Communications from C$93.00 to C$90.00 in a report on Sunday, January 14th. BMO Capital Markets reduced their target price on Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. National Bank Financial reduced their target price on Cogeco Communications from C$96.00 to C$88.00 and set a “sector perform” rating on the stock in a report on Friday, January 12th. Finally, TD Securities lifted their target price on Cogeco Communications from C$87.00 to C$89.00 and gave the stock a “hold” rating in a report on Friday, January 12th.
Shares of Cogeco Communications (TSE:CCA) traded up C$0.01 during trading on Friday, hitting C$10.68. The company had a trading volume of 758 shares, compared to its average volume of 7,990. Cogeco Communications has a twelve month low of C$10.62 and a twelve month high of C$14.00. The firm has a market capitalization of $3,720.00, a PE ratio of 12.38 and a beta of 0.52.
Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, January 10th. The company reported C$1.54 EPS for the quarter, topping analysts’ consensus estimates of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.83% and a net margin of 13.81%. The business had revenue of C$553.63 million during the quarter, compared to analysts’ expectations of C$555.00 million.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, February 7th were issued a $0.475 dividend. The ex-dividend date was Tuesday, January 23rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 17.79%. Cogeco Communications’s dividend payout ratio (DPR) is 29.17%.
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About Cogeco Communications
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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