Cogeco Communications (TSE:CCA) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of Cogeco Communications (TSE:CCA) from a sector perform rating to an outperform rating in a report published on Friday, BayStreet.CA reports. They currently have C$80.00 target price on the stock, up from their prior target price of C$64.00.

A number of other brokerages also recently commented on CCA. Desjardins lifted their target price on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the stock a hold rating in a research note on Monday, July 15th. TD Securities lifted their target price on shares of Cogeco Communications from C$80.00 to C$85.00 and gave the stock a buy rating in a research note on Monday, July 15th. Royal Bank of Canada lifted their target price on shares of Cogeco Communications from C$73.00 to C$76.00 and gave the stock a sector perform rating in a research note on Monday, July 15th. Bank of America raised shares of Cogeco Communications from an underperform rating to a buy rating and boosted their price target for the company from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. Finally, BMO Capital Markets boosted their price target on shares of Cogeco Communications from C$65.00 to C$70.00 in a research note on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$71.28.

Cogeco Communications Price Performance

Shares of CCA stock opened at C$68.12 on Friday. 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 is C$64.23 and its two-hundred day moving average is C$58.55. Cogeco Communications has a 12 month low of C$50.78 and a 12 month high of C$68.98. The company has a market capitalization of C$2.04 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 4.77 and a beta of 0.57.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, July 11th. The company reported C$2.45 EPS for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.72. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. The company had revenue of C$750.58 million for the quarter, compared to the consensus estimate of C$751.50 million. Analysts predict that Cogeco Communications will post 8.2156863 earnings per share for the current year.

Cogeco Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were paid a $0.854 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, July 25th. Cogeco Communications’s dividend payout ratio (DPR) is 43.62%.

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.