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Choppy markets amid Fed comments, inflationFriday rally offsets the week’s lossesLate rally ends choppy dayThis summary was created by AI, based on 8 opinions in the last 12 months.
Experts have provided mixed reviews on Cogeco Communications (CCA-T). Some mention the uncertain future, tough competition in the US broadband market, and the potential impact of Rogers entering the market. Others highlight the company's strong dividend growth and increasing market share in the US. Concerns are raised about the struggles with US assets and the overall weakness in the telecom sector. The stock valuation is seen as cheap by some, while others emphasize potential overhangs and clouds on the horizon. Overall, the stock seems to have potential but also faces significant challenges.
Pays a 6.3% dividend that's growing 10% annually vs. other telcos at 5%. CCA generates better cash flow. The knock is that CCA deals a lot in the US where consumers hop from one carrier to another in search of cheaper phone deals. They're gaining some market share in the US to compete with AT&T and Verizon.
(Analysts’ price target is $71.30)Cheap share price at the moment.
Does not own shares.
Space looking attractive as interest rate come down.
Seem to be struggling with US assets.
Better names in sector (BCE etc.)
The US was a growth driver for them, but are facing more competition there. US telcos are falling as a whole. Also, in Canada there could be the launch of a wireless service without launching a network. And Rogers owns a big stake in CCA, so will Rogers delever following the Shaw deal? These are three overhands that have pressured shares. He prefers CCA's larger peers. Also, telecoms remain weakness.
Extremely compelling on stock price and valuation. You'll probably do OK if you buy now, but lots of overhangs. Intense competition for broadband in US, losing subscribers. Growth is anemic. Debating whether to roll out wireless. Clouds on horizon.
Not a high multiple. Increase in subscriptions. Tailwinds as they build out their network. US side has some issues, and these need to be sorted. Canadian part has done well. Owning here won't hurt you. Yield is 4.6%.
Cheap, nice dividend. Lots of competition from BCE with the fibre to home rollout, and from US markets. Doesn't see growth. Rogers is cheap and has been ignored, so that's the one to go to, followed by Telus.
It enjoyed a bump with the Rogers-Shaw deal greenlight. The last 6 months have seen 3 short-lived uptrends, but an overall downtrend since January. This needs to show an uptrend, or else it'll go sideways.
Prefers Quebecor. They rejected an approach from shareholder Rogers, so it's unclear what Cogeco's long-term future. Is overlooked by Bay Street. Has lagged the TSX the past decade. Pays a decent 4% yield. But they lack wireless and entertainment unlike its peers. And they're not in the major Canadian markets.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has surprised investors with a good acquisition of WOW. The deal added 200,000 internet and 61,000 video customers. This has added scale while diversifying the business. Significant growth opportunities. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their latest quarter results were good. They beat expectations on revenue and EPS. REvenue was up 8% and free cash flow rose 14.2%. No concerns around the earnings report. Unlock Premium - Try 5i Free
Cogeco Communications is a Canadian stock, trading under the symbol CCA-T on the Toronto Stock Exchange (CCA-CT). It is usually referred to as TSX:CCA or CCA-T
In the last year, 6 stock analysts published opinions about CCA-T. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cogeco Communications.
Cogeco Communications was recommended as a Top Pick by on . Read the latest stock experts ratings for Cogeco Communications.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Cogeco Communications In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Cogeco Communications (CCA-T) stock closed at a price of $60.23.
Uncertain future, with RCI.B divesting its stake. Tough times with US broadband. Rogers is now in their backyard and ready to compete. Question marks, reflected in the share price. Won't see big dividend growth. Will investing in wireless give them more earnings? Wait a couple of quarters. Yield is 5.6%.