BMO Capital Markets Boosts Cogeco Communications (TSE:CCA) Price Target to C$70.00

Cogeco Communications (TSE:CCA) had its price target boosted by BMO Capital Markets from C$65.00 to C$70.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada upped their price objective on Cogeco Communications from C$73.00 to C$76.00 and gave the stock a sector perform rating in a research report on Monday, July 15th. Bank of America raised Cogeco Communications from an underperform rating to a buy rating and boosted their target price for the company from C$60.00 to C$65.00 in a report on Wednesday, July 17th. Desjardins boosted their target price on Cogeco Communications from C$64.00 to C$69.00 and gave the company a hold rating in a report on Monday, July 15th. Finally, TD Securities boosted their target price on Cogeco Communications from C$80.00 to C$85.00 and gave the company a buy rating in a report on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$69.39.

Cogeco Communications Trading Down 0.0 %

Shares of TSE CCA opened at C$65.09 on Thursday. Cogeco Communications has a twelve month low of C$50.78 and a twelve month high of C$66.21. The stock has a market capitalization of C$1.95 billion, a PE ratio of 8.30, a PEG ratio of 4.77 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. The stock has a fifty day simple moving average of C$61.24 and a 200-day simple moving average of C$58.16.

Cogeco Communications (TSE:CCA) last released its earnings results on Thursday, July 11th. The company reported C$2.45 EPS for the quarter, topping the consensus estimate of C$1.73 by C$0.72. The firm had revenue of C$750.58 million during the quarter, compared to analysts’ expectations of C$751.50 million. Cogeco Communications had a return on equity of 10.52% and a net margin of 11.44%. On average, equities analysts forecast that Cogeco Communications will post 8.2150127 earnings per share for the current year.

Cogeco Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were paid a dividend of $0.854 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Thursday, July 25th. Cogeco Communications’s dividend payout ratio (DPR) is 43.62%.

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.