Scotiabank Cuts Cogeco Communications (TSE:CCA) Price Target to C$75.00

Posted by George Bondi on Apr 12th, 2025

Cogeco Communications (TSE:CCA – Free Report) had its price objective trimmed by Scotiabank from C$75.50 to C$75.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages have also recently issued reports on CCA. CIBC cut their price target on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Royal Bank of Canada lifted their price objective on Cogeco Communications from C$77.00 to C$78.00 and gave the company a “sector perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Cogeco Communications currently has an average rating of “Moderate Buy” and a consensus target price of C$76.10.

Check Out Our Latest Stock Report on CCA

Cogeco Communications Stock Performance

TSE CCA opened at C$62.53 on Friday. The firm has a 50-day moving average price of C$66.12 and a two-hundred day moving average price of C$67.43. Cogeco Communications has a 12-month low of C$50.82 and a 12-month high of C$75.09. The company has a market capitalization of C$2.63 billion, a P/E ratio of 7.57, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.

Cogeco Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 10th were paid a $0.922 dividend. This represents a $3.69 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Monday, January 27th. Cogeco Communications’s dividend payout ratio (DPR) is presently 41.40%.

About Cogeco Communications

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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.