Cogeco Communications (TSE:CCA – Free Report) had its price objective lowered by TD Securities from C$93.00 to C$90.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also weighed in on the stock. Scotiabank cut their target price on shares of Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating on the stock in a report on Monday. BMO Capital Markets increased their target price on shares of Cogeco Communications from C$64.00 to C$65.00 and gave the stock a market perform rating in a report on Friday, January 12th. Royal Bank of Canada cut their target price on shares of Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. Canaccord Genuity Group cut their target price on shares of Cogeco Communications from C$63.00 to C$60.00 and set a hold rating on the stock in a report on Monday. Finally, CIBC cut their target price on shares of Cogeco Communications from C$65.00 to C$63.00 and set a neutral rating on the stock in a report on Monday, December 18th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$69.69.
View Our Latest Analysis on CCA
Cogeco Communications Trading Down 1.3 %
Cogeco Communications (TSE:CCA – Get Free Report) last announced its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share for the quarter, beating the consensus estimate of C$1.88 by C$0.33. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The business had revenue of C$730.50 million for the quarter, compared to analyst estimates of C$735.00 million. On average, analysts predict that Cogeco Communications will post 8.4785185 EPS for the current year.
Cogeco Communications Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.854 per share. This represents a $3.42 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend is Wednesday, April 24th. 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.
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