Cogeco Communications Inc (TSE:CCA) insider René Guimond sold 900 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00.
Shares of Cogeco Communications Inc (TSE:CCA) traded down 0.40% during mid-day trading on Friday, reaching $90.71. The company’s stock had a trading volume of 57,164 shares. The firm’s 50 day moving average is $86.27 and its 200-day moving average is $77.93. Cogeco Communications Inc has a 52-week low of $60.62 and a 52-week high of $92.31. The company has a market capitalization of $4.47 billion and a PE ratio of 14.83.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, August 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, July 25th.
Several brokerages recently weighed in on CCA. TD Securities raised their target price on Cogeco Communications from C$80.00 to C$83.00 and gave the company a “reduce” rating in a report on Tuesday, July 18th. BMO Capital Markets raised their price target on Cogeco Communications from C$82.00 to C$84.00 and gave the company a “market perform” rating in a research report on Monday, July 17th. Barclays PLC raised their price target on Cogeco Communications from C$75.00 to C$80.00 in a research report on Monday, July 17th. Scotiabank raised their price target on Cogeco Communications from C$83.00 to C$95.00 and gave the company an “outperform” rating in a research report on Tuesday, July 11th. Finally, Desjardins cut Cogeco Communications from a “buy” rating to a “hold” rating and raised their price target for the company from C$79.00 to C$87.50 in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$82.50.
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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