Cogeco Communications Inc. (TSE:CCA) Announces Quarterly Dividend of $0.92

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors 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 5.15%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85.

Cogeco Communications Trading Down 0.1 %

Shares of TSE CCA traded down C$0.06 during midday trading on Tuesday, reaching C$71.58. 3,576 shares of the stock were exchanged, compared to its average volume of 76,331. The company has a market capitalization of C$2.15 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 12 month low of C$50.78 and a 12 month high of C$72.91. The business has a 50-day simple moving average of C$68.53 and a two-hundred day simple moving average of C$60.95. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Cogeco Communications from C$73.50 to C$77.50 in a research note on Monday, November 4th. Royal Bank of Canada boosted their price objective on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Bank of America raised shares of Cogeco Communications from an “underperform” rating to a “buy” rating and upped their price target for the stock from C$60.00 to C$65.00 in a report on Wednesday, July 17th. BMO Capital Markets increased their price objective on shares of Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday, November 4th. Finally, Canaccord Genuity Group raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from C$65.00 to C$77.00 in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.