Cogeco (TSE:CGO – Free Report) had its target price lowered by TD Securities from C$110.00 to C$106.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, CIBC increased their price objective on Cogeco from C$57.00 to C$58.00 and gave the company a neutral rating in a report on Tuesday, December 19th.
Check Out Our Latest Research Report on Cogeco
Cogeco Stock Performance
Cogeco (TSE:CGO – Get Free Report) last issued its quarterly earnings data on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a return on equity of 9.44% and a net margin of 2.06%. The firm had revenue of C$751.91 million during the quarter. Equities research analysts predict that Cogeco will post 10.1988848 earnings per share for the current fiscal year.
Cogeco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be paid a $0.854 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $3.42 dividend on an annualized basis and a yield of 6.40%. Cogeco’s dividend payout ratio (DPR) is 84.44%.
Cogeco Company Profile
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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