Cogeco Communications Stock Today
| CCA Stock | CAD 54.74 1.87 3.30% |
Performance0 of 100
| Odds Of DistressLess than 6
|
Cogeco Communications is selling at 54.74 as of the 25th of April 2024; that is -3.3 percent down since the beginning of the trading day. The stock's open price was 56.61. Cogeco Communications has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Cogeco Communications are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Telecommunication Services | Category Communication Services |
Cogeco Communications Inc. operates as a communications corporation in North America. Cogeco Communications Inc. was founded in 1972 and is headquartered in Montreal, Canada. COGECO COMMUNICATIONS operates under Telecom Services classification in Canada and is traded on Toronto Stock Exchange. The company has 30.22 M outstanding shares of which 784.21 K shares are currently shorted by private and institutional investors with about 12.97 days to cover all short positions. More on Cogeco Communications
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Cogeco Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cogeco Communications' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cogeco Communications or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Louise StPierre | ||||
| Thematic Ideas | (View all Themes) | ||||
| Business Concentration | Diversified Telecommunication Services, Telecommunication Services, Communication Services, ISP, Wireless, Communication Services, Diversified Telecommunication Services, Telecom Services, Communication Services (View all Sectors) | ||||
Cogeco Communications' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cogeco Communications' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cogeco Communications' financial leverage. It provides some insight into what part of Cogeco Communications' total assets is financed by creditors.
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Cogeco Communications (CCA) is traded on Toronto Exchange in Canada and employs 59 people. Cogeco Communications is listed under Diversified Telecommunication Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cogeco Communications's market, we take the total number of its shares issued and multiply it by Cogeco Communications's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cogeco Communications operates under Diversified Telecommunication Services sector and is part of Communication Services industry. The entity has 30.22 M outstanding shares of which 784.21 K shares are currently shorted by private and institutional investors with about 12.97 days to cover all short positions.
Cogeco Communications has accumulated about 29.26 M in cash with 962.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.68.
Check Cogeco Communications Probability Of Bankruptcy
Ownership AllocationCogeco Communications retains a total of 30.22 Million outstanding shares. 30% of Cogeco Communications outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cogeco Ownership Details
Cogeco Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Cogeco Communications jumping above the current price in 90 days from now is close to 99%. The Cogeco Communications probability density function shows the probability of Cogeco Communications stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cogeco Communications has a beta of 0.2723 suggesting as returns on the market go up, Cogeco Communications average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cogeco Communications will be expected to be much smaller as well. Additionally, cogeco Communications has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cogeco Communications to move above the current price in 90 days from now is close to 99 (This Cogeco Communications probability density function shows the probability of Cogeco Stock to fall within a particular range of prices over 90 days) .
Cogeco Communications Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cogeco Communications market risk premium is the additional return an investor will receive from holding Cogeco Communications long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cogeco Communications. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cogeco Communications' alpha and beta are two of the key measurements used to evaluate Cogeco Communications' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.02 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.83 | |||
| Risk Adjusted Performance | (0.05) |
Cogeco Stock Against Markets
Picking the right benchmark for Cogeco Communications stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cogeco Communications stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cogeco Communications is critical whether you are bullish or bearish towards Cogeco Communications at a given time. Please also check how Cogeco Communications' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Cogeco Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cogeco Communications Corporate Directors
Cogeco Communications corporate directors refer to members of a Cogeco Communications board of directors. The board of directors generally takes responsibility for the Cogeco Communications' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cogeco Communications' board members must vote for the resolution. The Cogeco Communications board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| L Gadbois | Independent Director | Profile | |
| Joanne Ferstman | Independent Director | Profile | |
| Claude Garcia | Independent Director | Profile | |
| Carole Salomon | Independent Director | Profile |
How to buy Cogeco Stock?
Before investing in Cogeco Communications, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cogeco Communications. To buy Cogeco Communications stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cogeco Communications. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cogeco Communications stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cogeco Communications stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cogeco Communications stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cogeco Communications, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Cogeco Communications?
The danger of trading Cogeco Communications is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cogeco Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cogeco Communications. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cogeco Communications is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogeco Communications. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Cogeco Communications information on this page should be used as a complementary analysis to other Cogeco Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Cogeco Stock analysis
When running Cogeco Communications' price analysis, check to measure Cogeco Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cogeco Communications is operating at the current time. Most of Cogeco Communications' value examination focuses on studying past and present price action to predict the probability of Cogeco Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogeco Communications' price. Additionally, you may evaluate how the addition of Cogeco Communications to your portfolios can decrease your overall portfolio volatility.
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