Cogeco Communications Inc. (TSE:CCA) Receives Average Rating of “Hold” from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA – Get Rating) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$82.36.

CCA has been the subject of several research reports. National Bankshares reduced their price objective on Cogeco Communications from C$83.00 to C$75.00 and set a “sector perform” rating for the company in a research report on Monday, April 17th. Royal Bank of Canada cut their target price on Cogeco Communications from C$94.00 to C$93.00 and set a “sector perform” rating for the company in a research note on Monday, April 17th. BMO Capital Markets cut their target price on Cogeco Communications from C$85.00 to C$75.00 in a research note on Monday, April 17th. Canaccord Genuity Group cut their target price on Cogeco Communications from C$74.00 to C$67.50 in a research note on Thursday, April 13th. Finally, TD Securities cut their target price on Cogeco Communications from C$110.00 to C$105.00 and set a “buy” rating for the company in a research note on Monday, April 17th.

Cogeco Communications Stock Up 0.7 %

Shares of Cogeco Communications stock opened at C$66.27 on Monday. The stock has a market capitalization of C$1.91 billion, a P/E ratio of 7.30, a PEG ratio of 4.77 and a beta of 0.47. The company has a quick ratio of 0.49, a current ratio of 0.71 and a debt-to-equity ratio of 150.00. The stock has a 50 day moving average price of C$64.15 and a two-hundred day moving average price of C$69.56. Cogeco Communications has a 12-month low of C$60.00 and a 12-month high of C$107.19.

Cogeco Communications (TSE:CCA – Get Rating) last announced its earnings results on Thursday, April 13th. The company reported C$2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.11 by C$0.08. The firm had revenue of C$736.65 million during the quarter. Cogeco Communications had a return on equity of 14.01% and a net margin of 14.06%. Equities analysts expect that Cogeco Communications will post 8.5843621 earnings per share for the current year.

Cogeco Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Thursday, May 11th were issued a dividend of $0.776 per share. This represents a $3.10 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Wednesday, April 26th. Cogeco Communications’s dividend payout ratio (DPR) is currently 34.14%.

Insiders Place Their Bets

In other news, Director Louis Audet sold 40,414 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of C$65.39, for a total transaction of C$2,642,825.03. Company insiders own 37.63% of the company’s stock.

About Cogeco Communications

(Get Rating)

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.