Cogeco Communications Inc. (TSE:CCA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Cogeco Communications Inc. (TSE:CCA) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$76.17.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday, November 4th. Canaccord Genuity Group upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and lifted their target price for the company from C$65.00 to C$77.00 in a research report on Monday, November 4th. CIBC dropped their price target on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Scotiabank decreased their price objective on Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. Finally, TD Securities increased their target price on Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th.

Cogeco Communications Price Performance

Shares of TSE:CCA opened at C$62.17 on Wednesday. The firm has a market capitalization of C$1.87 billion, a PE ratio of 7.93, a PEG ratio of 4.77 and a beta of 0.59. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. Cogeco Communications has a 1-year low of C$50.82 and a 1-year high of C$75.09. The business’s 50 day moving average is C$66.24 and its 200-day moving average is C$66.69.

Cogeco Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 10th will be given a dividend of $0.922 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $3.69 dividend on an annualized basis and a yield of 5.93%. Cogeco Communications’s dividend payout ratio (DPR) is presently 43.62%.

Insider Buying and Selling at Cogeco Communications

In other Cogeco Communications news, Director Jacques Royer sold 657 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the transaction, the director now owns 1 shares of the company’s stock, valued at approximately C$68.86. This represents a 99.85 % decrease in their position. Also, Director Robin Anne Bienenstock acquired 2,156 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average price of C$69.66 per share, for a total transaction of C$150,189.33. Corporate insiders own 0.46% of the company’s stock.

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.