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

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Monday, January 27th,TickerTech Dividends reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.922 per share on Monday, February 10th. This represents a $3.69 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Monday, January 27th.

Cogeco Communications Stock Performance

Shares of TSE CCA opened at C$62.21 on Friday. Cogeco Communications has a 52 week low of C$50.82 and a 52 week high of C$75.09. 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 stock has a 50 day moving average price of C$67.59 and a 200 day moving average price of C$66.02. The stock has a market capitalization of C$1.87 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Thursday, October 31st. The company reported C$2.35 EPS for the quarter, beating the consensus estimate of C$1.79 by C$0.56. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. During the same period in the prior year, the company earned $2.19 EPS. Analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cogeco Communications news, Director Robin Anne Bienenstock bought 2,156 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of C$69.66 per share, with a total value of C$150,189.33. Also, Director Jacques Royer sold 657 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the completion of the transaction, the director now owns 1 shares in the company, valued at approximately C$68.86. This represents a 99.85 % decrease in their position. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CCA. Scotiabank lowered their target price on Cogeco Communications from C$77.50 to C$75.50 in a research note on Wednesday, January 15th. TD Securities lifted their target price on Cogeco Communications from C$85.00 to C$89.00 in a report on Monday, November 4th. BMO Capital Markets upped their price objective on shares of Cogeco Communications from C$70.00 to C$80.00 in a research note on Monday, November 4th. CIBC decreased their target price on Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. Finally, Canaccord Genuity Group upgraded shares of Cogeco Communications from a “hold” rating to a “buy” rating and upped their price objective for the company from C$65.00 to C$77.00 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.17.

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.