Cogeco Communications Inc. (TSE:CCA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$76.17.

CCA has been the topic of a number of research reports. Scotiabank cut their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th. CIBC lowered their price target on Cogeco Communications from C$73.00 to C$71.00 in a report on Wednesday, January 15th.

Cogeco Communications Stock Performance

CCA stock opened at C$67.62 on Thursday. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09. The stock has a market capitalization of C$2.84 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The company has a 50 day moving average price of C$64.58 and a 200 day moving average price of C$67.30.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 10th were paid a dividend of $0.922 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.45%. Cogeco Communications’s dividend payout ratio is 41.40%.

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.