Cogeco Communications (CCA) Scheduled to Post Quarterly Earnings on Wednesday

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Cogeco Communications (TSE:CCA) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of C$1.79 per share for the quarter.

Cogeco Communications stock opened at C$110.59 on Wednesday. The firm has a 50 day simple moving average of C$107.33 and a 200-day simple moving average of C$99.17. 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 stock has a market capitalization of $5.35 billion and a PE ratio of 13.97. Cogeco Communications has a 12-month low of C$61.68 and a 12-month high of C$110.95.

CCA has been the subject of several recent analyst reports. CIBC increased their price objective on shares of Cogeco Communications from C$103.00 to C$109.00 in a report on Thursday, July 18th. Canaccord Genuity increased their price objective on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a report on Friday, July 12th. BMO Capital Markets increased their price objective on shares of Cogeco Communications from C$100.00 to C$105.00 in a report on Monday, September 9th. Royal Bank of Canada increased their price objective on shares of Cogeco Communications from C$96.00 to C$102.00 and gave the company a “sector perform” rating in a report on Friday, July 12th. Finally, TD Securities cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and set a C$110.00 price objective for the company. in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$103.22.

In related news, Senior Officer Ken Smithard sold 1,761 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$105.81, for a total transaction of C$186,331.41. Following the completion of the sale, the insider now directly owns 4,282 shares of the company’s stock, valued at C$453,078.42. Also, Senior Officer AndrĂ©e Pinard sold 1,600 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$104.21, for a total transaction of C$166,736.00. Following the sale, the insider now directly owns 650 shares of the company’s stock, valued at C$67,736.50. Over the last three months, insiders have sold 3,921 shares of company stock valued at $412,554.

Cogeco Communications Company Profile

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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Earnings History for Cogeco Communications (TSE:CCA)

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