(1)) compared to the same period of the prior year to reach $624.3 million;
Adjusted EBITDA
Free cash flow
Cogeco Communications announced the acquisition of WideOpenWest’s Ohio broadband systems; and
A quarterly eligible dividend of $0.64 was declared.
MONTRÉAL, July 14, 2021 /CNW Telbec/ – Today, Cogeco Communications Inc. (TSX:CCA) (“Cogeco Communications” or the “Corporation”) announced its financial results for the third quarter ended May 31, 2021, in accordance with International Financial Reporting Standards (“IFRS”).
OPERATING RESULTS
For the third quarter of fiscal 2021:
Revenue increased by 3.1% to reach $624.3 million. On a constant currency basis, revenue increased by 8.8%, mainly explained as follows:
Canadian broadband services revenue increased by 10.2% as a result of the DERYtelecom acquisition completed on December 14, 2020, the cumulative effect of sustained demand for residential high-speed Internet since the beginning of the pandemic
Cogeco Communications Inc Announces that Atlantic Broadband Will Acquire the Ohio Broadband Systems of WideOpenWest apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
In addition to Liette Vigneault, one other CGEAF executive reported Sell trades in the last month.
Based on Cogeco Communications’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $635 million and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $586 million and had a net profit of $109 million. The company has a one-year high of $98.62 and a one-year low of $69.18. Currently, Cogeco Communications has an average volume of .
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $103.39, reflecting a -100.0% downside.
In the last 30 days, insiders have sold $54.96K worth of CGEAF shares and purchased $10.69K worth of CGEAF shares. The insider sentiment on Cogeco Communications has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this secto
The Divisional Vice-President of Cogeco Communications (Other OTC: CGEAF) is Buying Shares analystratings.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from analystratings.com Daily Mail and Mail on Sunday newspapers.
In addition to Martin Grenier, one other CGEAF executive reported Sell trades in the last month.
Based on Cogeco Communications’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $635 million and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $586 million and had a net profit of $109 million. The company has a one-year high of $98.62 and a one-year low of $69.18. Currently, Cogeco Communications has an average volume of .
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $103.39, reflecting a -100.0% downside.
In the last 30 days, insiders have sold $54.96K worth of CGEAF shares and purchased $10.69K worth of CGEAF shares. The insider sentiment on Cogeco Communications has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector