Cogeco (TSE:CGO) Price Target Lowered to C$110.00 at TD Securities

Cogeco (TSE:CGO – Get Rating) had its target price cut by TD Securities from C$115.00 to C$110.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, CIBC cut shares of Cogeco from an outperform rating to a neutral rating and lowered their price target for the stock from C$84.00 to C$64.00 in a report on Wednesday, October 26th.

Cogeco Price Performance

Shares of TSE CGO opened at C$58.86 on Monday. Cogeco has a twelve month low of C$52.06 and a twelve month high of C$85.00. The stock’s 50 day moving average price is C$60.93 and its 200-day moving average price is C$62.12. The company has a market capitalization of C$926.52 million and a PE ratio of 6.28. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 145.20.

Cogeco (TSE:CGO – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported C$2.31 earnings per share for the quarter. The business had revenue of C$746.91 million during the quarter. On average, equities analysts anticipate that Cogeco will post 10.7799996 EPS for the current year.

Cogeco Company Profile

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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.