Cogeco (TSE:CGO) Price Target Lowered to C$120.00 at TD Securities

Cogeco (TSE:CGOGet Rating) had its price target dropped by stock analysts at TD Securities from C$135.00 to C$120.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 62.23% from the stock’s previous close.

Separately, CIBC upgraded Cogeco from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$101.00 to C$106.00 in a research report on Friday, April 22nd.

CGO stock traded down C$2.53 during trading on Monday, hitting C$73.97. 33,016 shares of the company traded hands, compared to its average volume of 18,417. The stock’s 50-day simple moving average is C$78.59 and its 200 day simple moving average is C$80.08. The company has a debt-to-equity ratio of 160.55, a current ratio of 0.86 and a quick ratio of 0.62. The company has a market cap of C$1.18 billion and a PE ratio of 8.45. Cogeco has a 1 year low of C$73.90 and a 1 year high of C$98.46.

About Cogeco (Get Rating)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States.

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