FY2018 EPS Estimates for Cogeco Communications Inc (CCA) Reduced by National Bank Financial

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%.

COPYRIGHT VIOLATION WARNING: This article was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://theolympiareport.com/2017/12/26/fy2018-eps-estimates-for-cogeco-communications-inc-cca-reduced-by-national-bank-financial.html.

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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FY2018 EPS Estimates for Cogeco Communications Inc (CCA) Reduced by National Bank Financial

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%.

COPYRIGHT VIOLATION WARNING: This article was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://theolympiareport.com/2017/12/26/fy2018-eps-estimates-for-cogeco-communications-inc-cca-reduced-by-national-bank-financial.html.

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)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.


 Comment on this Post

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