Cogeco Communications Inc. (TSE:CCA) Insider Cogeco Communications Inc. Acquires 2,700 Shares of Stock

Cogeco Communications Inc. (TSE:CCAGet Rating) insider Cogeco Communications Inc. bought 2,700 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was bought at an average price of C$89.15 per share, with a total value of C$240,710.13. Following the completion of the acquisition, the insider now owns 19,000 shares of the company’s stock, valued at approximately C$1,693,886.10.

Cogeco Communications Inc. also recently made the following trade(s):

  • On Friday, July 29th, Cogeco Communications Inc. bought 5,400 shares of Cogeco Communications stock. The stock was bought at an average price of C$83.89 per share, with a total value of C$452,994.12.
  • On Wednesday, July 27th, Cogeco Communications Inc. bought 6,200 shares of Cogeco Communications stock. The stock was bought at an average price of C$85.30 per share, with a total value of C$528,889.76.
  • On Monday, July 25th, Cogeco Communications Inc. purchased 5,300 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$85.88 per share, with a total value of C$455,138.03.
  • On Friday, July 22nd, Cogeco Communications Inc. purchased 3,900 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$85.73 per share, with a total value of C$334,338.81.
  • On Wednesday, July 20th, Cogeco Communications Inc. purchased 3,400 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$84.14 per share, with a total value of C$286,060.02.
  • On Monday, July 18th, Cogeco Communications Inc. purchased 5,100 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$82.86 per share, with a total value of C$422,580.90.
  • On Friday, July 15th, Cogeco Communications Inc. purchased 6,400 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$83.07 per share, with a total value of C$531,658.88.
  • On Wednesday, July 13th, Cogeco Communications Inc. purchased 8,700 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$87.41 per share, with a total value of C$760,461.78.
  • On Monday, July 11th, Cogeco Communications Inc. purchased 4,500 shares of Cogeco Communications stock. The shares were acquired at an average cost of C$88.39 per share, with a total value of C$397,763.10.
  • On Wednesday, July 6th, Cogeco Communications Inc. bought 3,700 shares of Cogeco Communications stock. The shares were purchased at an average price of C$89.49 per share, for a total transaction of C$331,121.88.

Cogeco Communications Price Performance

Shares of CCA opened at C$82.89 on Tuesday. Cogeco Communications Inc. has a twelve month low of C$81.44 and a twelve month high of C$119.27. The stock’s 50 day moving average is C$91.89 and its two-hundred day moving average is C$99.28. The firm has a market capitalization of C$3.95 billion and a PE ratio of 9.37. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 148.86.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, August 10th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, July 26th. Cogeco Communications’s dividend payout ratio is presently 31.13%.

Analysts Set New Price Targets

CCA has been the topic of a number of research analyst reports. CIBC cut Cogeco Communications from an “outperform” rating to a “hold” rating and cut their target price for the stock from C$126.00 to C$100.00 in a research report on Wednesday, June 29th. TD Securities upgraded Cogeco Communications to a “buy” rating and set a C$120.00 target price on the stock in a research report on Friday, June 17th. Royal Bank of Canada cut their target price on Cogeco Communications from C$127.00 to C$118.00 in a research report on Tuesday, July 12th. BMO Capital Markets dropped their price target on Cogeco Communications from C$130.00 to C$120.00 in a research report on Friday, July 15th. Finally, National Bankshares cut Cogeco Communications from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$119.00 to C$108.00 in a research report on Friday, July 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Cogeco Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of C$116.06.

Cogeco Communications Company Profile

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Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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