Cogeco Communications Inc. (TSE:CCA – Get Rating) Senior Officer Christian Jolivet sold 950 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of C$103.50, for a total value of C$98,325.00. Following the sale, the insider now owns 15,994 shares of the company’s stock, valued at C$1,655,379.

TSE CCA traded up C$0.52 during trading on Thursday, hitting C$106.05. The company’s stock had a trading volume of 19,528 shares, compared to its average volume of 86,595. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 155.46. The firm has a 50 day moving average price of C$104.15 and a 200 day moving average price of C$102.20. The firm has a market cap of C$5.05 billion and a P/E ratio of 12.15. Cogeco Communications Inc. has a 52 week low of C$93.80 and a 52 week high of C$123.07.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 11th. Shareholders of record on Wednesday, May 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, April 26th. Cogeco Communications’s dividend payout ratio is currently 30.98%.

CCA has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on Cogeco Communications from C$126.00 to C$127.00 in a research report on Monday, April 11th. BMO Capital Markets lifted their price target on Cogeco Communications from C$125.00 to C$130.00 in a report on Monday, April 18th. Scotiabank raised their price objective on Cogeco Communications from C$137.00 to C$141.00 in a research note on Tuesday, April 12th. TD Securities downgraded Cogeco Communications from a “buy” rating to a “hold” rating and cut their price objective for the company from C$135.00 to C$120.00 in a research note on Monday, May 2nd. Finally, CIBC raised their price objective on Cogeco Communications from C$120.00 to C$126.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$130.67.

About Cogeco Communications (Get Rating)

Cogeco Communications Inc operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

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