CIBC Issues Pessimistic Forecast for Cogeco (TSE:CGO) Stock Price

Cogeco (TSE:CGOGet Free Report) had its price target cut by equities researchers at CIBC from C$69.00 to C$67.00 in a research note issued to investors on Monday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 10.65% from the stock’s previous close.

Separately, TD Securities lifted their price objective on Cogeco from C$99.00 to C$104.00 in a research report on Monday.

View Our Latest Stock Analysis on CGO

Cogeco Price Performance

TSE:CGO traded up C$0.52 during mid-day trading on Monday, hitting C$60.55. 14,855 shares of the company’s stock traded hands, compared to its average volume of 20,116. The company has a debt-to-equity ratio of 151.56, a quick ratio of 0.51 and a current ratio of 0.44. The company has a market cap of C$478.95 million, a PE ratio of 7.22, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34. The firm’s 50 day simple moving average is C$57.92 and its 200 day simple moving average is C$53.96. Cogeco has a 1 year low of C$44.62 and a 1 year high of C$62.88.

Cogeco Company Profile

(Get Free Report)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.

Further Reading

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