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

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Thursday, November 14th,Zacks Dividends reports. Stockholders of record on Thursday, November 28th 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 of this dividend is Thursday, November 14th. This is a boost from Cogeco Communications’s previous quarterly dividend of $0.85.

Cogeco Communications Trading Down 0.7 %

Shares of CCA stock opened at C$71.64 on Tuesday. The stock has a market capitalization of C$2.15 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. Cogeco Communications has a fifty-two week low of C$50.78 and a fifty-two week high of C$72.91. 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 company has a 50 day moving average price of C$68.53 and a 200 day moving average price of C$60.95.

Analyst Ratings Changes

CCA has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Bank of America raised Cogeco Communications from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from C$60.00 to C$65.00 in a research report on Wednesday, July 17th. Desjardins raised 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 report on Monday, July 15th. Royal Bank of Canada boosted their price target on shares of Cogeco Communications from C$76.00 to C$79.00 in a report on Thursday, October 10th. Finally, National Bank Financial raised shares of Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$75.50.

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.