Cogeco Communications (TSE:CCA – Free Report) had its price target hoisted by TD Securities from C$80.00 to C$85.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
CCA has been the subject of a number of other reports. Desjardins increased their price target on Cogeco Communications from C$64.00 to C$69.00 and gave the company a hold rating in a research report on Monday. Scotiabank decreased their price target on Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating for the company in a research report on Monday, April 15th. Royal Bank of Canada increased their price target on Cogeco Communications from C$73.00 to C$76.00 and gave the company a sector perform rating in a research report on Monday. Finally, Canaccord Genuity Group decreased their price target on Cogeco Communications from C$63.00 to C$60.00 and set a hold rating for the company in a research report on Monday, April 15th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$68.83.
Read Our Latest Analysis on Cogeco Communications
Cogeco Communications Stock Up 10.0 %
Cogeco Communications Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th will be given a $0.854 dividend. This represents a $3.42 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Thursday, July 25th. Cogeco Communications’s dividend payout ratio is currently 41.11%.
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.
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