- Cogeco Communications reported a revenue of C$732.4 million for the second quarter, slightly exceeding estimates of C$724.9 million.
- The revenue showed a modest year-on-year (y/y) increase of 0.3%.
- Earnings per share (EPS) dropped to C$1.76 compared to C$2.20 in the same quarter last year.
- Adjusted EBITDA rose by 2.7% to C$356.5 million, surpassing the estimated C$340.8 million.
- Net capital expenditure decreased by 7.5% y/y, amounting to C$157.9 million.
- The company experienced strong Internet subscriber growth in Canada, driven by both its Cogeco and oxio brands.
- Analyst recommendations include 6 buy ratings, 5 hold ratings, and no sell ratings for Cogeco Communications.
A look at Cogeco Communications Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the Smartkarma Smart Scores for Cogeco Communications, the company seems to be positioned well for the long term. With strong scores in Value and Dividend at 4 out of 5, investors may find Cogeco Communications to be a solid choice for potential growth and income. Additionally, a Momentum score of 4 indicates positive market sentiment and potential upward movement in the stock price. While Growth scored a 3, showing moderate potential, the Resilience score of 2 suggests a slightly lower level of stability.
Overall, Cogeco Communications Inc., a cable television operator in Canada, appears to offer a blend of value, dividend income, and market momentum. With a focus on providing cable television services, pay TV, audio programming, and high-speed Internet access, the company serves customers across the country. Investors looking for a reliable and potentially rewarding long-term investment may find Cogeco Communications to be an attractive option based on its Smart Scores across various key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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