Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Wednesday, November 15th, TickerTech reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.475 per share on Thursday, November 30th. This represents a $1.90 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.43.
Cogeco Communications (CCA) opened at C$87.52 on Tuesday. Cogeco Communications has a 1 year low of C$60.62 and a 1 year high of C$95.21.
A number of research firms recently weighed in on CCA. Barclays PLC boosted their target price on Cogeco Communications from C$80.00 to C$90.00 in a report on Monday, November 6th. Scotiabank reissued an “outperform” rating and set a C$102.00 target price on shares of Cogeco Communications in a report on Monday, November 6th. Canaccord Genuity lowered Cogeco Communications from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$89.00 to C$93.00 in a report on Monday, November 6th. TD Securities boosted their target price on Cogeco Communications from C$83.00 to C$87.00 and gave the stock a “reduce” rating in a report on Monday, November 6th. Finally, BMO Capital Markets boosted their target price on Cogeco Communications from C$82.00 to C$84.00 and gave the stock a “market perform” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Cogeco Communications currently has an average rating of “Hold” and an average price target of C$91.17.
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About Cogeco Communications
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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