Brokerages Set Cogeco Communications Inc. (TSE:CCA) PT at C$76.17

Shares of Cogeco Communications Inc. (TSE:CCA) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$76.17.

A number of research analysts recently issued reports on CCA shares. Scotiabank lowered their target price on Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. CIBC dropped their price target on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th.

Cogeco Communications Price Performance

TSE:CCA opened at C$66.73 on Friday. The business’s 50-day moving average price is C$64.69 and its 200 day moving average price is C$67.11. The firm has a market cap of C$2.80 billion, a P/E ratio of 8.08, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 52-week low of C$50.82 and a 52-week high of C$75.09. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.922 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $3.69 dividend on an annualized basis and a yield of 5.53%. Cogeco Communications’s payout ratio is presently 41.40%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.