Cogeco Communications Inc. (TSE:CCA) Declares Quarterly Dividend of $0.92

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Thursday, November 14th,Zacks Dividends reports. Shareholders of record on Thursday, November 28th will be paid a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.85.

Cogeco Communications Stock Down 0.1 %

Shares of TSE:CCA opened at C$71.55 on Wednesday. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.91. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. The firm’s 50-day simple moving average is C$68.66 and its 200-day simple moving average is C$61.06. The company has a market cap of C$2.15 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 4.77 and a beta of 0.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CCA shares. BMO Capital Markets lifted their price objective on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Scotiabank raised their price target on Cogeco Communications from C$73.50 to C$77.50 in a report on Monday, November 4th. National Bank Financial raised Cogeco Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 19th. TD Securities raised their target price on Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. Finally, Royal Bank of Canada upped their price target on shares of Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cogeco Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of C$75.50.

About Cogeco Communications

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.