Cogeco Communications Inc (TSE:CCA) – Equities research analysts at National Bank Financial reduced their FY2018 EPS estimates for shares of Cogeco Communications in a research report issued on Thursday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $5.90 per share for the year, down from their prior estimate of $6.23. National Bank Financial has a “Sector Perform” rating and a $88.00 price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Macquarie cut shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price objective on the stock. in a research note on Wednesday, September 20th. Scotiabank reissued an “outperform” rating and issued a C$102.00 price objective on shares of Cogeco Communications in a research note on Monday, November 6th. TD Securities boosted their price objective on shares of Cogeco Communications from C$87.00 to C$89.00 and gave the company a “hold” rating in a research note on Friday, January 12th. CIBC lowered their price target on shares of Cogeco Communications from C$93.00 to C$90.00 in a research note on Sunday. Finally, Barclays lowered their price target on shares of Cogeco Communications from C$90.00 to C$86.00 in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$88.95.
Shares of Cogeco Communications (CCA) traded down C$0.51 on Monday, reaching C$77.48. 93,733 shares of the company’s stock traded hands, compared to its average volume of 85,624. The firm has a market cap of $3,850.00, a PE ratio of 12.81 and a beta of 0.71. Cogeco Communications has a 12 month low of C$68.69 and a 12 month high of C$95.21.
Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.45%. Cogeco Communications’s dividend payout ratio (DPR) is presently 29.17%.
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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