Cogeco Communications Inc (TSE:CCA) announced a quarterly dividend on Tuesday, July 23rd, TickerTech reports. Investors of record on Wednesday, August 7th will be given a dividend of 0.525 per share on Wednesday, August 7th. This represents a $2.10 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, July 23rd.
CCA stock opened at C$104.83 on Monday. The firm has a fifty day simple moving average of C$95.60. Cogeco Communications has a 12 month low of C$61.68 and a 12 month high of C$107.22. The stock has a market cap of $5.26 billion and a P/E ratio of 13.24. The company has a debt-to-equity ratio of 136.92, a quick ratio of 1.71 and a current ratio of 1.80.
Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, July 10th. The company reported C$1.96 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.77 by C$0.19. The firm had revenue of C$587.35 million for the quarter, compared to analysts’ expectations of C$585.50 million. As a group, research analysts anticipate that Cogeco Communications will post 7.6699999 EPS for the current year.
CCA has been the topic of a number of research reports. National Bank Financial increased their price objective on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 12th. Desjardins increased their price objective on shares of Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday, July 12th. Canaccord Genuity increased their price objective on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Royal Bank of Canada reissued a “hold” rating and issued a $0.35 price objective on shares of DB Commodity Double Short ETN in a research note on Friday, July 12th. Finally, CIBC reaffirmed a “hold” rating and set a $2.50 price target on shares of Advantage Oil & Gas in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$100.00.
In other Cogeco Communications news, Senior Officer Pierre Maheux sold 274 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of C$105.35, for a total transaction of C$28,865.90. Following the sale, the insider now directly owns 1,934 shares of the company’s stock, valued at approximately C$203,746.90. Also, Director Louis Audet sold 15,028 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of C$104.60, for a total transaction of C$1,571,928.80. Following the sale, the director now directly owns 90,980 shares in the company, valued at C$9,516,508.
About Cogeco Communications
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.
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