Cogeco Communications (TSE:CCA) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of Cogeco Communications (TSE:CCA) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Several other research firms have also weighed in on CCA. Royal Bank of Canada increased their target price on shares of Cogeco Communications from C$73.00 to C$76.00 and gave the stock a sector perform rating in a report on Monday, July 15th. BMO Capital Markets increased their target price on shares of Cogeco Communications from C$65.00 to C$70.00 in a report on Thursday, September 5th. TD Securities increased their target price on shares of Cogeco Communications from C$80.00 to C$85.00 and gave the stock a buy rating in a report on Monday, July 15th. National Bankshares upgraded shares of Cogeco Communications from a sector perform rating to an outperform rating and increased their target price for the stock from C$64.00 to C$80.00 in a report on Friday. Finally, Desjardins increased their price objective on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the stock a hold rating in a research report on Monday, July 15th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$71.28.

Cogeco Communications Trading Up 1.0 %

Shares of TSE CCA opened at C$68.12 on Thursday. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$68.98. The company has a market cap of C$2.04 billion, a PE ratio of 8.69, a P/E/G ratio of 4.77 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.49 and a debt-to-equity ratio of 142.88. The company has a 50-day moving average of C$64.23 and a two-hundred day moving average of C$58.59.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Thursday, July 11th. The company reported C$2.45 earnings per share for the quarter, beating the consensus estimate of C$1.73 by C$0.72. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. The business had revenue of C$750.58 million for the quarter, compared to analyst estimates of C$751.50 million. As a group, equities analysts expect that Cogeco Communications will post 8.2156863 earnings per share for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were given a $0.854 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, July 25th. Cogeco Communications’s dividend payout ratio (DPR) is presently 43.62%.

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.