Cogeco Communications (CCA) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Cogeco Communications (TSE: CCA):

• 11/4/2024 – Cogeco Communications was upgraded by analysts at Canaccord Genuity Group Inc. from a “hold” rating to a “buy” rating. They now have a C$77.00 price target on the stock, up previously from C$65.00.
• 11/4/2024 – Cogeco Communications had its price target raised by analysts at BMO Capital Markets from C$70.00 to C$80.00.
• 11/4/2024 – Cogeco Communications had its price target raised by analysts at Scotiabank from C$73.50 to C$77.50.
• 11/4/2024 – Cogeco Communications had its price target raised by analysts at TD Securities from C$85.00 to C$89.00.
• 10/10/2024 – Cogeco Communications had its price target raised by analysts at Royal Bank of Canada from C$76.00 to C$79.00.
• 9/20/2024 – Cogeco Communications was upgraded by analysts at National Bankshares, Inc. from a “sector perform” rating to an “outperform” rating. They now have a C$80.00 price target on the stock, up previously from C$64.00.
• 9/19/2024 – Cogeco Communications was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating.

Cogeco Communications Price Performance

CCA opened at C$69.78 on Friday. The company has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications Inc. has a 1 year low of C$50.82 and a 1 year high of C$72.91. 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 fifty day moving average price is C$68.92 and its two-hundred day moving average price is C$61.27.

Cogeco Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, November 28th will be paid a dividend of $0.922 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.29%. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, November 14th. Cogeco Communications’s payout ratio is presently 43.62%.

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.