Cogeco Communications (TSE:CCA) Price Target Raised to C$89.00

Cogeco Communications (TSE:CCA) had its price objective raised by TD Securities from C$85.00 to C$89.00 in a research report report published on Monday,BayStreet.CA reports.

A number of other brokerages have also recently commented on CCA. BMO Capital Markets upped their price target on Cogeco Communications from C$65.00 to C$70.00 in a research report on Thursday, September 5th. Royal Bank of Canada increased their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$64.00 to C$80.00 in a report on Friday, September 20th. Bank of America raised shares of Cogeco Communications from an “underperform” rating to a “buy” rating and increased their price objective for the stock from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Finally, National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$75.50.

Cogeco Communications Trading Up 0.9 %

Shares of CCA stock opened at C$71.50 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 company has a market cap of C$2.15 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a 1 year low of C$50.78 and a 1 year high of C$72.40. The firm has a fifty day moving average price of C$68.40 and a 200-day moving average price of C$60.84.

Cogeco Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, November 28th will be paid a dividend of $0.922 per share. This represents a $3.69 annualized dividend and a yield of 5.16%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, November 14th. 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.