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

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Wednesday, April 23rd, TickerTech Dividends reports. Investors of record on Wednesday, May 7th will be paid a dividend of 0.922 per share on Wednesday, May 7th. This represents a $3.69 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Wednesday, April 23rd.

Cogeco Communications Stock Performance

Shares of CCA opened at C$65.69 on Monday. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 4.77 and a beta of 0.59. The business’s fifty day simple moving average is C$66.34 and its two-hundred day simple moving average is C$67.35. Cogeco Communications has a 12 month low of C$50.82 and a 12 month high of C$75.09. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Cogeco Communications from C$77.00 to C$78.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 9th. Canaccord Genuity Group increased their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the company a “buy” rating in a research report on Friday, April 11th. CIBC cut their target price on shares of Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Finally, Scotiabank set a C$75.00 price target on Cogeco Communications and gave the company a “sector perform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.10.

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.