National Bank Financial Estimates TSE:CCA FY2027 Earnings

Cogeco Communications Inc. (TSE:CCA) – Investment analysts at National Bank Financial issued their FY2027 earnings per share estimates for shares of Cogeco Communications in a report issued on Thursday, January 9th. National Bank Financial analyst A. Shine forecasts that the company will post earnings per share of $8.08 for the year. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Cogeco Communications’ current full-year earnings is $8.49 per share.

Several other equities analysts also recently issued reports on the company. National Bankshares raised Cogeco Communications from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$64.00 to C$80.00 in a research report on Friday, September 20th. BMO Capital Markets increased their price objective on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$65.00 to C$77.00 in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. Finally, TD Securities increased their price target on shares of Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cogeco Communications presently has an average rating of “Moderate Buy” and an average price target of C$77.06.

Cogeco Communications Stock Down 1.7 %

Cogeco Communications stock opened at C$67.71 on Monday. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49. The stock has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 4.77 and a beta of 0.59. The business has a fifty day moving average price of C$69.24 and a 200-day moving average price of C$65.27. Cogeco Communications has a 1-year low of C$50.82 and a 1-year high of C$75.09.

Cogeco Communications Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Shareholders of record on Thursday, November 28th were issued a $0.922 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.85. This represents a $3.69 dividend on an annualized basis and a yield of 5.45%. Cogeco Communications’s payout ratio is presently 43.62%.

Insiders Place Their Bets

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