Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $0.92 on November 28th

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Thursday, November 14th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.85.

Cogeco Communications Stock Down 0.1 %

Shares of Cogeco Communications stock traded down C$0.06 during trading hours on Tuesday, hitting C$71.58. 3,576 shares of the company’s stock traded hands, compared to its average volume of 76,331. The stock has a 50 day simple moving average of C$68.53 and a 200-day simple moving average of C$60.95. The company has a quick ratio of 0.49, a current ratio of 0.41 and a debt-to-equity ratio of 142.88. The company has a market cap of C$2.15 billion, a PE ratio of 9.14, a PEG ratio of 4.77 and a beta of 0.59. Cogeco Communications has a twelve month low of C$50.78 and a twelve month high of C$72.91.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CCA shares. Desjardins lifted their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada lifted their price target on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. Bank of America upgraded Cogeco Communications from an “underperform” rating to a “buy” rating and lifted their price target for the stock from C$60.00 to C$65.00 in a research note on Wednesday, July 17th. National Bankshares upgraded Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$64.00 to C$80.00 in a research note on Friday, September 20th. Finally, Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$65.00 to C$77.00 in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned 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$75.50.

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.