Cogeco Communications (TSE:CCA) Raised to Outperform at National Bankshares

National Bankshares upgraded shares of Cogeco Communications (TSE:CCA) from a sector perform rating to an outperform rating in a research note released on Friday, BayStreet.CA reports. National Bankshares currently has C$80.00 price target on the stock, up from their previous price target of C$64.00.

CCA has been the topic of several other research reports. BMO Capital Markets raised their price target on shares of Cogeco Communications from C$65.00 to C$70.00 in a research report on Thursday, September 5th. Bank of America upgraded shares of Cogeco Communications from an underperform rating to a buy rating and lifted their target price for the company from C$60.00 to C$65.00 in a research report on Wednesday, July 17th. Desjardins lifted their target price on shares of Cogeco Communications from C$64.00 to C$69.00 and gave the company a hold rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on shares of Cogeco Communications from C$73.00 to C$76.00 and gave the company a sector perform rating in a research report on Monday, July 15th. Finally, TD Securities lifted their target price on shares of Cogeco Communications from C$80.00 to C$85.00 and gave the company a buy rating in a research report on Monday, July 15th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$71.28.

Cogeco Communications Stock Up 1.0 %

CCA stock opened at C$68.12 on Friday. The firm has a market cap of C$2.04 billion, a PE ratio of 8.69, a P/E/G ratio of 4.77 and a beta of 0.57. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41. The firm’s fifty day moving average is C$64.23 and its 200 day moving average is C$58.55. Cogeco Communications has a one year low of C$50.78 and a one year high of C$68.98.

Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Thursday, July 11th. The company reported C$2.45 EPS for the quarter, beating the consensus estimate of C$1.73 by C$0.72. The company had revenue of C$750.58 million for the quarter, compared to analyst estimates of C$751.50 million. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. On average, research analysts forecast that Cogeco Communications will post 8.2156863 EPS for the current year.

Cogeco Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were given a dividend of $0.854 per share. The ex-dividend date was Thursday, July 25th. This represents a $3.42 dividend on an annualized basis and a yield of 5.01%. Cogeco Communications’s payout ratio is presently 43.62%.

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.