Cogeco Communications Inc (TSE:CCA) announced a quarterly dividend on Monday, April 22nd, TickerTech reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.525 per share on Tuesday, May 7th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, April 22nd.
Shares of CCA stock opened at C$90.41 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 165.78. The stock has a market capitalization of $4.49 billion and a PE ratio of 13.18. Cogeco Communications has a 52-week low of C$61.68 and a 52-week high of C$92.33.
A number of brokerages have recently issued reports on CCA. Royal Bank of Canada upped their target price on shares of Cogeco Communications from C$89.00 to C$90.00 in a report on Tuesday, April 9th. National Bank Financial upped their target price on shares of Cogeco Communications from C$90.00 to C$95.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Desjardins increased their price target on shares of Cogeco Communications from C$81.00 to C$87.00 in a report on Thursday, February 28th. CIBC increased their price target on shares of Cogeco Communications from C$85.00 to C$94.00 in a report on Thursday, February 28th. Finally, TD Securities increased their price target on shares of Cogeco Communications from C$95.00 to C$100.00 in a report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cogeco Communications presently has a consensus rating of “Buy” and an average price target of C$89.83.
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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