Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $0.92 on February 10th

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Monday, January 27th,TickerTech Dividends reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.922 per share on Monday, February 10th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Monday, January 27th.

Cogeco Communications Trading Up 0.7 %

Shares of TSE CCA opened at C$62.21 on Friday. The company’s 50 day simple moving average is C$67.59 and its 200 day simple moving average is C$66.02. 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 has a market capitalization of C$1.87 billion, a P/E ratio of 7.93, a P/E/G ratio of 4.77 and a beta of 0.59. Cogeco Communications has a fifty-two week low of C$50.82 and a fifty-two week high of C$75.09.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, October 31st. The company reported C$2.35 EPS for the quarter, topping the consensus estimate of C$1.79 by C$0.56. Cogeco Communications had a return on equity of 10.52% and a net margin of 11.44%. During the same quarter in the prior year, the company posted $2.19 earnings per share. On average, analysts predict that Cogeco Communications will post 8.4900498 EPS for the current year.

Insiders Place Their Bets

In other Cogeco Communications news, Director Jacques Royer sold 657 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the sale, the director now directly owns 1 shares of the company’s stock, valued at C$68.86. This represents a 99.85 % decrease in their ownership of the stock. Also, Director Robin Anne Bienenstock purchased 2,156 shares of the stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. TD Securities upped their price objective on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday, November 4th. Scotiabank lowered their target price on Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. CIBC lowered their price objective on Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Finally, BMO Capital Markets increased their target price on shares of Cogeco Communications from C$70.00 to C$80.00 in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$76.17.

About Cogeco Communications

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.