Cogeco Communications Inc. (TSE:CCA) Insider Cogeco Communications Inc. Purchases 4,500 Shares of Stock

Cogeco Communications Inc. (TSE:CCAGet Rating) insider Cogeco Communications Inc. acquired 4,500 shares of Cogeco Communications stock in a transaction dated Monday, July 11th. The stock was purchased at an average price of C$88.39 per share, with a total value of C$397,763.10. Following the completion of the purchase, the insider now directly owns 23,500 shares of the company’s stock, valued at approximately C$2,077,207.30.

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

  • On Friday, July 29th, Cogeco Communications Inc. acquired 5,400 shares of Cogeco Communications stock. The stock was purchased 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 shares were bought at an average cost of C$85.30 per share, for a total transaction of C$528,889.76.
  • On Monday, July 25th, Cogeco Communications Inc. bought 5,300 shares of Cogeco Communications stock. The shares were bought at an average cost of C$85.88 per share, for a total transaction of C$455,138.03.
  • On Friday, July 22nd, Cogeco Communications Inc. bought 3,900 shares of Cogeco Communications stock. The shares were bought at an average cost of C$85.73 per share, for a total transaction of C$334,338.81.
  • On Wednesday, July 20th, Cogeco Communications Inc. bought 3,400 shares of Cogeco Communications stock. The shares were bought at an average cost of C$84.14 per share, for a total transaction of C$286,060.02.
  • On Monday, July 18th, Cogeco Communications Inc. bought 5,100 shares of Cogeco Communications stock. The shares were bought at an average cost of C$82.86 per share, for a total transaction of C$422,580.90.
  • On Friday, July 15th, Cogeco Communications Inc. bought 6,400 shares of Cogeco Communications stock. The shares were bought at an average cost of C$83.07 per share, for a total transaction of C$531,658.88.
  • On Wednesday, July 13th, Cogeco Communications Inc. bought 8,700 shares of Cogeco Communications stock. The shares were bought at an average cost of C$87.41 per share, for a total transaction of C$760,461.78.
  • On Friday, July 8th, Cogeco Communications Inc. bought 2,700 shares of Cogeco Communications stock. The shares were bought at an average cost of C$89.15 per share, for a total transaction of C$240,710.13.
  • On Wednesday, July 6th, Cogeco Communications Inc. purchased 3,700 shares of Cogeco Communications stock. The stock was acquired at an average cost of C$89.49 per share, for a total transaction of C$331,121.88.

Cogeco Communications Stock Down 0.9 %

CCA opened at C$82.89 on Tuesday. The firm’s 50-day simple moving average is C$91.89 and its 200-day simple moving average is C$99.28. The firm has a market cap of C$3.95 billion and a price-to-earnings ratio of 9.37. The company has a debt-to-equity ratio of 148.86, a quick ratio of 0.53 and a current ratio of 0.56. Cogeco Communications Inc. has a twelve month low of C$81.44 and a twelve month high of C$119.27.

Cogeco Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Wednesday, August 10th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $2.82 annualized dividend and a yield of 3.40%. Cogeco Communications’s dividend payout ratio (DPR) is 31.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. CIBC lowered shares of Cogeco Communications from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$126.00 to C$100.00 in a report on Wednesday, June 29th. National Bankshares lowered shares of Cogeco Communications from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$119.00 to C$108.00 in a report on Friday, July 15th. Royal Bank of Canada lowered their price target on shares of Cogeco Communications from C$127.00 to C$118.00 in a report on Tuesday, July 12th. TD Securities raised shares of Cogeco Communications to a “buy” rating and set a C$120.00 price target on the stock in a report on Friday, June 17th. Finally, BMO Capital Markets lowered their target price on shares of Cogeco Communications from C$130.00 to C$120.00 in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.

See Also

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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