Cogeco Communications Inc CCA

Stock XTSE Rating as of Sep 30, 2026

CA$51.95 −0.25 (0.48%)

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As of Oct 1, 2026, 8:00:02 PM Delayed Price Closed

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Canadian Telecom: We See Value in Scale Despite Tough Industry Dynamics

Martin Szumski Sep 1, 2026

We transfer coverage of the Canadian telecom providers: Rogers, BCE, Telus, Quebecor, and Cogeco. These firms account for nearly all of the wireless and wireline services provided in Canada, with all but Cogeco operating national wireless networks, and Rogers and BCE the largest wireline networks.

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Price vs Fair Value

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CCA is trading at a LOCK|th#fK> premium.

Price

CA$52.20

Sep 30, 2026

Fair Value

Sep 1, 2026

Uncertainty

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1-Star Price: LOCK|.^S
5-Star Price: Bx>
Economic Moat: LOCK|^M
Capital Allocation: LOCK|&m#hX<h

Bulls Say, Bears Say

Bulls

Cogeco primarily operates in smaller markets where it is a dominant broadband service provider, a position that provides relatively stable cash flow. As new competitors mature, Cogeco will start to increase its customer base.

Bears

Broadband competition continues to intensify in both the US and Canada, as traditional phone companies, fixed wireless, and private fiber networks encroach on Cogeco’s footprint. With wireless and satellite technology improving, new capacity will continue entering the market for the foreseeable future.

Trading Information

Previous Close Price: CA$52.20
Day Range: CA$51.53–52.30
52-Week Range: CA$50.96–77.40
Bid/Ask: CA$51.95 / CA$52.19
Shares Outstanding: 42.01M
Market Cap: CA$2.18B
Volume/Avg: 197,806 / 150,312

Key Statistics

Price/Earnings (Normalized): 6.04
Price/Sales: 0.78
Dividend Yield (Trailing): 7.60%
Dividend Yield (Forward): 7.60%
Dividend Payment Schedule: Feb, May, Aug, Nov
Total Yield: 8.01%

Company Profile

Cogeco Communications is a regional Canadian and US telecom service provider, primarily offering broadband services in Quebec and Ontario in Canada, and a smattering of East Coast states in the US. The firm offers broadband internet, television, and landline phone services in markets that are generally rural and suburban. The firm has nearly 2 million wireline customers in Canada and nearly 1 million in the US. Cogeco continues to expand its wireless operations, which commenced in 2025, operating as a mobile virtual network operator on the Telus network in Canada and one of the Big 3 networks in the US.

Sector: Communication Services
Industry: Telecom Services
Stock Style Box: Small Value
Total Number of Employees: 2,762
Website: https://www.cogeco.ca

Competitors

Valuation

Metric	CCA	BCE	RCI
Price/Earnings (Normalized)	6.04	9.98	8.27
Price/Book Value	1.19	1.28	1.42
Price/Sales	0.78	1.04	1.02
Price/Cash Flow	2.06	3.61	3.29

Price/Earnings

CCA

BCE

RCI

Financial Strength

Metric	CCA	BCE	RCI
Quick Ratio	0.37	0.50	0.42
Current Ratio	0.47	0.73	0.55
Interest Coverage	−5.93	5.18	4.41

Quick Ratio

CCA

BCE

RCI

Profitability

Metric	CCA	BCE	RCI
Return on Assets (Normalized)	4.46%	3.27%	3.14%
Return on Equity (Normalized)	14.33%	13.63%	17.08%
Return on Invested Capital (Normalized)	7.79%	6.40%	6.78%

Return on Assets

CCA

BCE

RCI

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