1 week Ago By Defense World Staff
Cogeco Communications Inc. ( TSE:CCA – Get Free Report ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$64.
50 and traded as high as C$67.90. Cogeco Communications shares last traded at C$67.
35, with a volume of 33,654 shares traded. Analysts Set New Price Targets CCA has been the topic of a number of recent analyst reports. National Bankshares raised shares of Cogeco Communications from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$64.
00 to C$80.00 in a research report on Friday, September 20th. Canaccord Genuity Group upgraded Cogeco Communications from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$65.
00 to C$77.00 in a report on Monday, November 4th. TD Securities increased their price target on Cogeco Communications from C$85.
00 to C$89.00 in a report on Monday, November 4th. BMO Capital Markets lifted their price objective on Cogeco Communications from C$70.
00 to C$80.00 in a report on Monday, November 4th. Finally, Scotiabank increased their target price on Cogeco Communications from C$73.
50 to C$77.50 in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$77.06. Check Out Our Latest Analysis on Cogeco Communications Cogeco Communications Trading Up 1.
2 % Cogeco Communications Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, November 28th were issued a dividend of $0.922 per share.
This is a boost from Cogeco Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, November 14th.
This represents a $3.69 annualized dividend and a yield of 5.48%.
Cogeco Communications’s dividend payout ratio is presently 43.62%. Insider Buying and Selling at Cogeco Communications In related news, Director Robin Anne Bienenstock purchased 2,156 shares of Cogeco Communications stock in a transaction that occurred on Friday, November 29th.
The stock was purchased at an average cost of C$69.66 per share, with a total value of C$150,189.33.
Also, Director Jacques Royer sold 657 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total value of C$45,241.
02. Following the transaction, the director now directly owns 1 shares in the company, valued at C$68.86.
This trade represents a 99.85 % decrease in their position. Company insiders own 0.
46% of the company’s stock. Cogeco Communications Company Profile ( Get Free Report ) Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications.
The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks. Read More Five stocks we like better than Cogeco Communications The 3 Best Fintech Stocks to Buy Now Work and Play: Investing in the Rise of Bleisure Travel How to Use Stock Screeners to Find Stocks Top Dividend Stocks to Buy Now as Bond Yields Could Lower Why Are Stock Sectors Important to Successful Investing? SAP: AI Tailwinds Accelerating Enterprise Cloud Business 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 .
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