According to information provided by TickerTech, Cogeco Communications Inc. (TSE: CCA), a company whose shares are traded on the Toronto Stock Exchange, declared a quarterly dividend on November 9. On the record date of Thursday, November 24, shareholders recognized as having ownership of the company’s shares will be eligible to receive a dividend payment of 0.776 cents per share. This results in a dividend yield of 4.43% and an annual dividend payment of $3.10 per share for each share held. November 9, which is a Wednesday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. Cogeco Communications made a dividend payment of $0.71 per quarter in the past; however, they have recently increased this payout.

Various equity research analysts from different companies have published articles about the company. The “hold” rating that Desjardins had previously assigned to Cogeco Communications was changed to a “buy” rating in a research note published on October 30 by Desjardins. The rating of “outperform” given to Cogeco Communications by Scotiabank was changed to “sector perform” in a report published on October 31. This was a downgrade from the previous rating of “outperform.” In addition, they reduced their price objective for the stock, which they had previously set at C$102.00, to C$92.50; the previous price objective was C$102.00. Canaccord Genuity Group increased their price target for Cogeco Communications from $70.00 to $72.00 in a report published on October 31. The rating of “outperform market weight” given to Cogeco Communications by National Bank Financial was changed to a rating of “sector perform market weight” in a report made public on Thursday, July 14. BMO Capital Markets lowered their price objective on Cogeco Communications from C$120.00 (one hundred Canadian dollars) to C$100.00 (one hundred Canadian dollars) in a report published on Monday, September 12. The final and most significant adjustment was made here. Two analysts have given the stock a buy rating, while four other market watchers have issued hold recommendations. According to Bloomberg, the current recommendation for the company is “Hold,” and analysts anticipate that its price will average out to be 96.36 Canadian dollars shortly.
Beginning on Monday, trading of CCA shares took place for 70.03 Canadian dollars. The debt-to-equity ratio is calculated to be 146.81, the quick ratio is calculated to be 0.49, and the current ratio is calculated to be 0.54. The price of the company’s stock is currently trading at a moving average of $72.36 for the past 50 days and $85.62 for the past 200 days, respectively. Cogeco Communications has seen its price range go from as low as $62.35 to as high as $114.66 over the previous year. The company has a price-to-earnings ratio of 7.91, which results in a market capitalization of 3.20 billion Canadian dollars.
The communications company’s headquarters, Cogeco Telecommunications Inc. is located on the continent of North America. Currently, it runs two separate companies, which are known as Canadian Broadband Services and American Broadband Services, respectively. Customers in residential and commercial settings can take advantage of the company’s Internet, video, and telephone services, which are made possible by utilizing its two-way broadband fiber networks.

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