Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Tuesday, July 25th, TickerTech reports. Investors of record on Thursday, August 10th will be paid a dividend of 0.43 per share on Thursday, August 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, July 25th.
Cogeco Communications (CCA) opened at 90.71 on Friday. The company’s 50-day moving average price is $86.27 and its 200-day moving average price is $77.93. Cogeco Communications has a one year low of $60.62 and a one year high of $92.31. The firm has a market cap of $4.47 billion and a price-to-earnings ratio of 14.83.
In related news, insider Elizabeth Alves sold 996 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of C$87.05, for a total value of C$86,701.80. Also, insider René Guimond sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of C$87.44, for a total transaction of C$78,696.00. Insiders sold a total of 2,096 shares of company stock valued at $183,087 over the last quarter.
Several equities analysts have recently weighed in on CCA shares. BMO Capital Markets raised their price objective on Cogeco Communications from C$82.00 to C$84.00 and gave the company a “market perform” rating in a report on Monday, July 17th. TD Securities cut Cogeco Communications from a “hold” rating to a “reduce” rating and set a C$80.00 price objective for the company. in a report on Wednesday, July 12th. Desjardins cut Cogeco Communications from a “buy” rating to a “hold” rating and raised their price objective for the company from C$79.00 to C$87.50 in a report on Tuesday, July 11th. Scotiabank restated an “outperform” rating and issued a C$78.00 price objective on shares of Cogeco Communications in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada raised their price objective on Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Cogeco Communications presently has a consensus rating of “Hold” and a consensus target price of C$82.50.
Cogeco Communications Company Profile
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.
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