Additional Information
Market: TSX
Sector: Telecoms services
EPIC: CCA
Latest Price: 61.80  (0.11% Ascending)
52-week High: 63.96
52-week Low: 46.91
Market Cap: 2,063.79M
1 year chart
1 day chart
Cogeco Cable
www.cogeco.ca

Cogeco is a diversified telecommunication company opeating in Canada and Portugal.  The company is the second largest cable system operator in Ontario, Quebec and Portugal, and also leading radio broadcaster in Quebec.

Cogeco Cable beats the Street in the third quarter

11th Jul 2013, 10:21 am by Anwar Ali
Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the street's median estimate. Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the street's median estimate.

Cogeco Cable (TSE:CCA) says its third-quarter profit was flat at $53.1 million year-over-year as funds from recent acquisitions were offset by the transaction costs.

On a per share basis, Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the Street's median estimate.

The Montreal-based company's revenue rose 45.3 per cent to $464.5 million from $319.8 million in the same prior-year period. 

Looking ahead, Cogeco is raising its guidance for operating income before depreciation and amortization to $780 million from $767 million for the full fiscal year. The company also predicts its operating margins will rise to 46 per cent from 45.2 per cent. 

During the quarter, Cogeco acquired Atlantic Broadband, a cable operator in five American states and Peer 1 Hosting, a technology services provider.

Cogeco shares increased 2.8 per cent to $47.83 at the opening bell. 

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here