Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $0.92 on November 28th

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Thursday, November 14th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.85.

Cogeco Communications Stock Performance

TSE CCA traded down C$0.46 on Tuesday, hitting C$71.18. 2,272 shares of the company’s stock were exchanged, compared to its average volume of 76,322. 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 firm’s 50-day moving average price is C$68.53 and its two-hundred day moving average price is C$60.95. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.91.

Analysts Set New Price Targets

A number of analysts have commented on the company. Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$65.00 to C$77.00 in a research report on Monday, November 4th. BMO Capital Markets boosted their price objective on shares of Cogeco Communications from C$70.00 to C$80.00 in a research report on Monday, November 4th. TD Securities lifted their target price on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday, November 4th. Bank of America upgraded shares of Cogeco Communications from an “underperform” rating to a “buy” rating and increased their price target for the company from C$60.00 to C$65.00 in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada lifted their price objective on Cogeco Communications from C$76.00 to C$79.00 in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$75.50.

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.