Cogeco Communications Inc (TSE:CCA) – Stock analysts at National Bank Financial lowered their FY2018 earnings per share (EPS) estimates for Cogeco Communications in a research note issued to investors on Wednesday. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of $6.23 for the year, down from their previous estimate of $6.27. National Bank Financial currently has a “Sector Perform” rating and a $96.00 target price on the stock.

A number of other research firms have also recently commented on CCA. Macquarie cut shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 target price for the company. in a report on Wednesday, September 20th. Scotiabank reissued an “outperform” rating and issued a C$102.00 target price on shares of Cogeco Communications in a report on Monday, November 6th. TD Securities raised shares of Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 target price for the company in a report on Thursday, December 21st. Canaccord Genuity cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and increased their target price for the stock from C$89.00 to C$93.00 in a report on Monday, November 6th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$94.00 target price on shares of Cogeco Communications in a report on Monday, November 6th. One research 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$91.17.

Cogeco Communications (CCA) traded down C$1.22 on Monday, reaching C$87.75. 40,099 shares of the company traded hands, compared to its average volume of 72,047. Cogeco Communications has a 1-year low of C$65.79 and a 1-year high of C$95.21. The company has a market capitalization of $4,340.00, a PE ratio of 14.55 and a beta of 0.71.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, November 15th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.43. Cogeco Communications’s dividend payout ratio is currently 21.39%.

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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.

Earnings History and Estimates for Cogeco Communications (TSE:CCA)

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