Shares of Cogeco Communications Inc (TSE:CCA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $106.53. Cogeco Communications shares last traded at $106.47, with a volume of 57,125 shares.

Several analysts have commented on the stock. CIBC boosted their price target on shares of Cogeco Communications from C$103.00 to C$109.00 in a research note on Thursday, July 18th. Echelon Wealth Partners upped their target price on shares of Cogeco Communications from C$98.00 to C$106.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Canaccord Genuity upped their target price on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Desjardins upped their target price on shares of Cogeco Communications from C$96.00 to C$99.00 in a research report on Friday, July 12th. Finally, BMO Capital Markets upped their target price on shares of Cogeco Communications from C$95.00 to C$100.00 in a research report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$100.00.

The company’s 50-day moving average price is C$101.48. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71. The firm has a market cap of $5.16 billion and a PE ratio of 13.46.

Cogeco Communications (TSE:CCA) last announced its earnings results on Wednesday, July 10th. The company reported C$1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.77 by C$0.19. The business had revenue of C$587.35 million for the quarter, compared to analysts’ expectations of C$585.50 million. On average, equities research analysts expect that Cogeco Communications Inc will post 7.6700006 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Tuesday, July 23rd. Cogeco Communications’s dividend payout ratio is 25.90%.

In related news, Senior Officer Christian Jolivet sold 300 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of C$106.38, for a total value of C$31,914.00. Following the sale, the insider now directly owns 2,454 shares of the company’s stock, valued at approximately C$261,056.52. Also, Senior Officer Pierre Maheux sold 274 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of C$105.35, for a total transaction of C$28,865.90. Following the completion of the sale, the insider now directly owns 1,934 shares in the company, valued at C$203,746.90. Insiders have sold a total of 15,602 shares of company stock worth $1,632,709 over the last 90 days.

Cogeco Communications Company Profile (TSE:CCA)

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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