Insider Selling: Cogeco Communications Inc. (CCA) Insider Sells C$18,500.00 in Stock

Cogeco Communications Inc. (TSE:CCA) insider Nathalie Dorval sold 200 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$92.50, for a total transaction of C$18,500.00.

Nathalie Dorval also recently made the following trade(s):

  • On Monday, November 6th, Nathalie Dorval sold 100 shares of Cogeco Communications stock. The stock was sold at an average price of C$84.61, for a total transaction of C$8,461.00.

Cogeco Communications Inc. (TSE:CCA) traded down C$0.50 on Thursday, hitting C$91.42. 42,719 shares of the stock traded hands, compared to its average volume of 69,932. Cogeco Communications Inc. has a fifty-two week low of C$63.64 and a fifty-two week high of C$95.21.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.475 per share. The ex-dividend date is Wednesday, November 15th. This is an increase from Cogeco Communications’s previous quarterly dividend of $0.43. This represents a $1.90 dividend on an annualized basis and a yield of 2.08%. Cogeco Communications’s dividend payout ratio is presently 21.39%.

Several brokerages recently weighed in on CCA. Barclays lifted their price objective on shares of Cogeco Communications from C$80.00 to C$90.00 in a research report on Monday, November 6th. Canaccord Genuity cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$89.00 to C$93.00 in a research note on Monday, November 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$94.00 price objective on shares of Cogeco Communications in a research note on Monday, November 6th. Macquarie downgraded shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 target price on the stock. in a research report on Wednesday, September 20th. Finally, Scotiabank reissued an “outperform” rating and issued a C$102.00 target price on shares of Cogeco Communications in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$91.17.

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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.

Insider Buying and Selling by Quarter for Cogeco Communications (TSE:CCA)

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