Cogeco Communications Inc. (TSE:CCA) Given Consensus Rating of “Hold” by Brokerages

Shares of Cogeco Communications Inc. (TSE:CCA) have received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$68.44.

Several brokerages have recently issued reports on CCA. Canaccord Genuity Group cut their price target on Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada increased their target price on Cogeco Communications from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. TD Securities cut their target price on Cogeco Communications from C$90.00 to C$80.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Desjardins cut their target price on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Finally, Scotiabank lowered their price target on Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating for the company in a report on Monday, April 15th.

Cogeco Communications Stock Performance

Shares of TSE:CCA opened at C$52.84 on Tuesday. The company has a debt-to-equity ratio of 143.84, a current ratio of 0.55 and a quick ratio of 0.49. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 4.77 and a beta of 0.47. The business’s fifty day moving average price is C$54.63 and its two-hundred day moving average price is C$57.92. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.56.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.33. Cogeco Communications had a return on equity of 11.41% and a net margin of 12.34%. The company had revenue of C$730.50 million for the quarter, compared to analyst estimates of C$735.00 million. As a group, analysts predict that Cogeco Communications will post 8.341791 EPS for the current fiscal year.

Cogeco Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were paid a $0.854 dividend. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $3.42 dividend on an annualized basis and a yield of 6.46%. Cogeco Communications’s dividend payout ratio is 41.11%.

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.