Analysts Set Cogeco Communications Inc (TSE:CCA) Price Target at C$98.50

Shares of Cogeco Communications Inc (TSE:CCA) have received a consensus rating of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$99.33.

Several research analysts recently commented on the stock. National Bank Financial lifted their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Canaccord Genuity lifted their target price on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Echelon Wealth Partners lifted their target price on shares of Cogeco Communications from C$98.00 to C$106.00 and gave the stock a “buy” rating in a research note on Tuesday. Desjardins lifted their target price on shares of Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday, July 12th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $0.35 price target on shares of DB Commodity Double Short ETN in a report on Friday, July 12th.

In related news, Senior Officer Pierre Maheux sold 274 shares of Cogeco Communications stock in a transaction on Monday, July 15th. The shares were sold at an average price of C$105.35, for a total value of C$28,865.90. Following the sale, the insider now owns 1,934 shares in the company, valued at C$203,746.90.

Shares of TSE CCA traded down C$1.28 during mid-day trading on Friday, hitting C$105.53. The stock had a trading volume of 57,756 shares, compared to its average volume of 88,695. The company has a current ratio of 1.80, a quick ratio of 1.71 and a debt-to-equity ratio of 136.92. Cogeco Communications has a 1 year low of C$61.68 and a 1 year high of C$107.22. The business’s 50 day moving average price is C$94.84. The stock has a market capitalization of $5.26 billion and a price-to-earnings ratio of 15.19.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, August 7th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, July 23rd. Cogeco Communications’s dividend payout ratio (DPR) is currently 29.37%.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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