Cogeco Communications Inc. (TSE:CCA) Receives C$71.28 Consensus Price Target from Analysts

Cogeco Communications Inc. (TSE:CCA) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$71.28.

Several equities analysts have recently issued reports on CCA shares. Bank of America raised Cogeco Communications from an “underperform” rating to a “buy” rating and upped their price target for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Royal Bank of Canada upped their price target on Cogeco Communications from C$73.00 to C$76.00 and gave the company a “sector perform” rating in a research note on Monday, July 15th. TD Securities upped their price target on Cogeco Communications from C$80.00 to C$85.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Desjardins upped their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Finally, National Bankshares raised Cogeco Communications from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th.

Cogeco Communications Price Performance

The company has a fifty day moving average of C$65.96 and a two-hundred day moving average of C$59.21. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$71.69. The company has a market capitalization of C$2.08 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 4.77 and a beta of 0.57. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88.

Cogeco Communications (TSE:CCA) last announced 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 company had revenue of C$750.58 million for 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%. Research analysts expect that Cogeco Communications will post 8.4877451 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were issued a dividend of $0.854 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $3.42 dividend on an annualized basis and a dividend yield of ∞. Cogeco Communications’s payout ratio is presently 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.