Cogeco Communications (TSE:CCA) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Cogeco Communications Inc. (TSE:CCA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$67.22 and traded as high as C$68.64. Cogeco Communications shares last traded at C$67.27, with a volume of 67,471 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank dropped their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a report on Wednesday, January 15th. CIBC dropped their price objective on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Cogeco Communications has an average rating of “Moderate Buy” and a consensus price target of C$76.17.

Cogeco Communications Stock Performance

The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The business has a 50 day moving average of C$64.49 and a 200 day moving average of C$67.24. The company has a market capitalization of C$2.78 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 10th were given a $0.922 dividend. This represents a $3.69 annualized dividend and a yield of 5.57%. The ex-dividend date was Monday, January 27th. Cogeco Communications’s dividend payout ratio is presently 41.40%.

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.