Cogeco Communications Stock Analysis

Cogeco Stock Analysis Notes

About 45.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.8. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cogeco Communications recorded earning per share (EPS) of 8.32. The entity last dividend was issued on the 24th of April 2024. 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. It employs 3740 people. For more info on Cogeco Communications please contact Louise StPierre at 514-764-4600 or go to https://corpo.cogeco.com/cca/en.

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Cogeco Communications Thematic Classifications

Cogeco Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.29 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 Profitablity

The company has Profit Margin (PM) of 0.12 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.25 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.25.

Management Efficiency

Cogeco Communications has return on total asset (ROA) of 0.0503 % which means that it generated a profit of $0.0503 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1141 %, meaning that it generated $0.1141 on every $100 dollars invested by stockholders. Cogeco Communications' management efficiency ratios could be used to measure how well Cogeco Communications manages its routine affairs as well as how well it operates its assets and liabilities. As of the 30th of April 2024, Return On Tangible Assets is likely to drop to 0.05. In addition to that, Return On Capital Employed is likely to drop to 0.08. At this time, Cogeco Communications' Total Assets are very stable compared to the past year. As of the 30th of April 2024, Non Current Assets Total is likely to grow to about 11.1 B, while Non Currrent Assets Other are likely to drop about 1.7 M.

Technical Drivers

As of the 30th of April, Cogeco Communications shows the Standard Deviation of 1.28, risk adjusted performance of (0.1), and Mean Deviation of 0.9582. Cogeco Communications technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Cogeco Communications, which can be compared to its peers. Please confirm Cogeco Communications variance, as well as the relationship between the maximum drawdown and skewness to decide if Cogeco Communications is priced correctly, providing market reflects its regular price of 54.57 per share.

Cogeco Communications Price Movement Analysis

Cogeco Communications Predictive Daily Indicators

Cogeco Communications Forecast Models

Cogeco Communications' time-series forecasting models are one of many Cogeco Communications' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Cogeco Communications' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Cogeco Communications prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Cogeco shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Cogeco Communications. By using and applying Cogeco Stock analysis, traders can create a robust methodology for identifying Cogeco entry and exit points for their positions.

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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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.