Cogeco Communications (TSE:CCA) Price Target Raised to C$80.00

Cogeco Communications (TSE:CCA) had its target price raised by BMO Capital Markets from C$70.00 to C$80.00 in a report released on Monday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Bank of America upgraded shares of Cogeco Communications from an “underperform” rating to a “buy” rating and boosted their target price for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Scotiabank boosted their price objective on shares of Cogeco Communications from C$73.50 to C$77.50 in a research report on Monday. TD Securities raised their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a report on Monday. Royal Bank of Canada upped their target price on Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Finally, National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$64.00 to C$80.00 in a research report on Friday, September 20th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$75.50.

Cogeco Communications Trading Up 0.9 %

TSE:CCA opened at C$71.50 on Monday. The company has a market cap of C$2.15 billion, a PE ratio of 9.12, a P/E/G ratio of 4.77 and a beta of 0.59. The business’s 50 day moving average is C$68.40 and its two-hundred day moving average is C$60.84. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. Cogeco Communications has a 52 week low of C$50.78 and a 52 week high of C$72.40.

Cogeco Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, November 28th will be issued a $0.922 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 5.16%. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, November 14th. Cogeco Communications’s dividend payout ratio is 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.