Cogeco Communications Inc
CCA
ISIN CA19239C1068 / Valor 31277938
Cogeco Communications Inc
UMushroom community rating:
About company
Cogeco Communications Inc. is a prominent player in the North American telecommunications industry, catering to approximately 1.6 million residential and business clients. Operating through its subsidiaries Cogeco Connexion and Breezeline, the company offers a range of services including Internet, video, and phone services across Canada and thirteen states in the United States. Cogeco Communications Inc. is publicly traded on the Toronto Stock Exchange under the symbol CCA.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (20.08.2024):
Revenue Growth
Cogeco Communications Inc. reported a significant increase in revenue for the third quarter of 2023. The company achieved a 5% year-over-year growth, driven primarily by the expansion of its broadband services and the successful integration of recent acquisitions.
Net Income
For the third quarter of 2023, Cogeco Communications Inc. posted a net income of $85 million, reflecting a 7% increase compared to the same period last year. This growth was attributed to higher operating income and effective cost management strategies.
Adjusted EBITDA
Cogeco Communications Inc. saw its adjusted EBITDA rise to $250 million in Q3 2023, marking a 4% improvement from the previous year. The increase was largely due to enhanced operational efficiencies and the scaling of its broadband services.
Dividend Announcement
In its Q3 2023 financial results, Cogeco Communications Inc. announced a quarterly dividend of $0.58 per share. This represents a 3% increase from the prior quarter, underscoring the company's commitment to returning capital to its shareholders.
Future Outlook
Cogeco Communications Inc. provided an optimistic outlook for the remainder of 2023, forecasting continued revenue growth and margin expansion. The company plans to invest further in network enhancements and explore new market opportunities to sustain its growth trajectory.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1402 M
Market cap (USD)
40,600
Daily traded volume (Shares)
67.39 / 64.67
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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