Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $0.92 on February 10th

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Monday, January 27th,TickerTech Dividends reports. Investors of record on Monday, February 10th will be given a dividend of 0.922 per share on Monday, February 10th. This represents a $3.69 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Monday, January 27th.

Cogeco Communications Price Performance

CCA stock opened at C$62.21 on Friday. 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 market capitalization of C$1.87 billion, a P/E ratio of 7.93, a PEG ratio of 4.77 and a beta of 0.59. The business has a 50 day simple moving average of C$67.59 and a 200-day simple moving average of C$66.02. Cogeco Communications has a twelve month low of C$50.82 and a twelve month high of C$75.09.

Cogeco Communications (TSE:CCA) last announced its earnings results on Thursday, October 31st. The company reported C$2.35 EPS for the quarter, beating analysts’ consensus estimates of C$1.79 by C$0.56. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. During the same period in the previous year, the business earned $2.19 earnings per share. As a group, equities analysts anticipate that Cogeco Communications will post 8.4900498 EPS for the current year.

Insider Buying and Selling at Cogeco Communications

In other news, Director Robin Anne Bienenstock acquired 2,156 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Also, Director Jacques Royer sold 657 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$68.86, for a total value of C$45,241.02. Following the sale, the director now directly owns 1 shares of the company’s stock, valued at approximately C$68.86. This trade represents a 99.85 % decrease in their position. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CCA shares. Scotiabank lowered their price objective on Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. TD Securities lifted their price target on Cogeco Communications from C$85.00 to C$89.00 in a research note on Monday, November 4th. BMO Capital Markets increased their price objective on Cogeco Communications from C$70.00 to C$80.00 in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and increased their price target for the company from C$65.00 to C$77.00 in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$76.17.

Cogeco Communications Company Profile

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.