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

Cogeco Communications Inc. (TSE:CCA) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$68.44.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada increased their price objective on Cogeco Communications from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Scotiabank decreased their target price on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a research report on Monday, April 15th. TD Securities dropped their price target on shares of Cogeco Communications from C$90.00 to C$80.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, Desjardins decreased their price objective on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Monday, April 15th.

Cogeco Communications Price Performance

Shares of TSE:CCA opened at C$51.59 on Tuesday. The business has a fifty day moving average price of C$54.15 and a 200-day moving average price of C$57.76. The company has a debt-to-equity ratio of 143.84, a current ratio of 0.55 and a quick ratio of 0.49. The company has a market capitalization of C$1.56 billion, a PE ratio of 6.20, a PEG ratio of 4.77 and a beta of 0.47. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$72.56.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, April 11th. The company reported C$2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.88 by C$0.33. The business had revenue of C$730.50 million during the quarter, compared to analysts’ expectations of C$735.00 million. Cogeco Communications had a net margin of 12.34% and a return on equity of 11.41%. As a group, equities analysts expect that Cogeco Communications will post 8.341791 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a dividend of $0.854 per share. The ex-dividend date was Wednesday, April 24th. This represents a $3.42 annualized dividend and a yield of 6.62%. Cogeco Communications’s dividend payout ratio (DPR) is 41.11%.

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.