National Bank Financial Cuts Cogeco Communications (TSE:CCA) Price Target to C$69.00

Cogeco Communications (TSE:CCA) had its price objective decreased by National Bank Financial from C$70.00 to C$69.00 in a research report released on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. Desjardins set a C$68.00 target price on shares of Cogeco Communications and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada dropped their price target on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Cogeco Communications has a consensus rating of “Moderate Buy” and an average price target of C$73.11.

Cogeco Communications Trading Down 0.5%

TSE:CCA opened at C$59.51 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 241.79. The firm has a market cap of C$2.50 billion, a PE ratio of -2.25, a price-to-earnings-growth ratio of 4.77 and a beta of 0.94. The stock has a fifty day moving average price of C$61.66 and a 200 day moving average price of C$65.24. Cogeco Communications has a 12-month low of C$58.42 and a 12-month high of C$77.40.

Cogeco Communications (TSE:CCA) last issued its earnings results on Wednesday, July 15th. The company reported C$2.35 earnings per share for the quarter. Cogeco Communications had a negative net margin of 39.56% and a negative return on equity of 38.76%. The firm had revenue of C$696.68 million for the quarter. Sell-side analysts anticipate that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Cogeco Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.987 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $3.95 annualized dividend and a dividend yield of 6.6%. Cogeco Communications’s payout ratio is -14.69%.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.