Should I buy or sell Cogeco stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogeco in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CGO shares. View CGO analyst ratings or view top-rated stocks .

What is Cogeco's stock price target for 2024?

2 equities research analysts have issued twelve-month price objectives for Cogeco's stock. Their CGO share price targets range from C$58.00 to C$106.00. On average, they predict the company's share price to reach C$82.00 in the next year. This suggests a possible upside of 53.3% from the stock's current price. View analysts price targets for CGO or view top-rated stocks among Wall Street analysts .

How have CGO shares performed in 2024?

Cogeco's stock was trading at C$57.17 on January 1st, 2024. Since then, CGO shares have decreased by 6.5% and is now trading at C$53.48. View the best growth stocks for 2024 here .

When is Cogeco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024. View our CGO earnings forecast .

How were Cogeco's earnings last quarter?

Cogeco Inc. (TSE:CGO) issued its quarterly earnings results on Thursday, April, 11th. The company reported $2.33 earnings per share for the quarter. The firm earned $751.91 million during the quarter. Cogeco had a trailing twelve-month return on equity of 9.44% and a net margin of 2.06%.

How often does Cogeco pay dividends? What is the dividend yield for Cogeco?

Cogeco declared a quarterly dividend on Thursday, January 11th. Stockholders of record on Wednesday, January 24th will be given a dividend of 0.854 per share on Wednesday, February 7th. This represents a $3.42 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, January 23rd. Read our dividend analysis for CGO .

Is Cogeco a good dividend stock?

Cogeco (TSE:CGO) pays an annual dividend of C$3.42 per share and currently has a dividend yield of 5.95%. CGO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CGO .

What other stocks do shareholders of Cogeco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cogeco investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Wheaton Precious Metals (WPM) , Open Text (OTEX) , Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX) .

How do I buy shares of Cogeco?

Shares of CGO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:CGO

Cogeco (CGO) Stock Price, News & Analysis

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Free CGO Stock Alerts

C$53.48

+0.24 (+0.45%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$52.79
▼
C$55.76
50-Day Range: C$53.24
▼
C$59.93
52-Week Range: C$44.62
▼
C$62.49

Volume: 14,708 shs
Average Volume: 22,925 shs
Market Capitalization: C$429.98 million

P/E Ratio: 13.20
Dividend Yield: 6.39%
Price Target: C$75.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Cogeco alerts:

Cogeco MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 53.3% Upside
C$82.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.61
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.97 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Cogeco has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Cogeco has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CGO.

1.7

Dividend Strength

Dividend Leadership
Cogeco is a leading dividend payer. It pays a dividend yield of 5.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cogeco does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cogeco is 84.44%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CGO.

3.7

News and Social Media Coverage

News Sentiment
Cogeco has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Communication Services companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Cogeco this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for CGO on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Cogeco to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cogeco insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.11% of the stock of Cogeco is held by insiders.
Percentage Held by Institutions
Only 33.70% of the stock of Cogeco is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco is 13.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco is 13.20, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 472.17.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Cogeco, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Cogeco has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Cogeco Stock (TSE:CGO)

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. The company also provides advanced network connectivity services, such as dedicated fibre, session initiation protocol, primary rate interface, trunking solutions, and hosted private branch exchange solutions, as well as managed business Wi-Fi. In addition, it owns and operates 21 radio stations with complementary radio formats and coverage serving a range of audiences primarily across the province of Québec; and Cogeco News, a news agency. It serves primary service units, including Internet, video, and telephony service customers. The company was incorporated in 1957 and is headquartered in Montreal, Canada. Cogeco Inc. is a subsidiary of Gestion Audem Inc.

CGO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CGO Stock News Headlines

April 13, 2024 | seekingalpha.com

Cogeco Inc. (CGECF) Q2 2024 Earnings Call Transcript

April 12, 2024 | americanbankingnews.com

Cogeco (TSE:CGO) Share Price Passes Below Two Hundred Day Moving Average of $53.82

April 16, 2024 | InvestorPlace (Ad)

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April 11, 2024 | finance.yahoo.com

Cogeco Releases its Financial Results for the Second Quarter of Fiscal 2024

March 16, 2024 | theglobeandmail.com

Closing Bell: Cogeco Inc Sv flat on Friday (CGO)

March 11, 2024 | ca.finance.yahoo.com

Stocks in play: Cogeco Communications Inc.

March 11, 2024 | msn.com

Cogeco names Frédéric Perron its new president and CEO; Philippe Jetté to retire

March 11, 2024 | finance.yahoo.com

Cogeco Inc. and Cogeco Communications Inc. Announce Frédéric Perron appointed as President and CEO; Philippe Jetté to Retire

April 16, 2024 | InvestorPlace (Ad)

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February 23, 2024 | finance.yahoo.com

Cogeco Inc. (TSE:CGO) most popular amongst individual investors who own 56% of the shares, institutions hold 25%

February 18, 2024 | seekingalpha.com

CGO:CA Cogeco Inc.

January 30, 2024 | morningstar.com

Cogeco Inc Shs Subord.voting

January 22, 2024 | wsj.com

Cogeco Communications Inc.

January 22, 2024 | finance.yahoo.com

Cogeco Inc. Announces Voting Results on the Election of Directors Held During its Annual Shareholders' Meeting

January 11, 2024 | baystreet.ca

Cogeco’s Profit Declines 18% In Latest Quarter

January 11, 2024 | theglobeandmail.com

Cogeco’s first-quarter profit down from year earlier, revenue also edged lower

December 26, 2023 | finance.yahoo.com

Investors in Cogeco (TSE:CGO) have unfortunately lost 23% over the last three years

December 13, 2023 | msn.com

Rogers (TSE:RCI.B) Plans to Sell Its Entire Stake in Cogeco

December 12, 2023 | ca.investing.com

Rogers Communications sells all its Cogeco stock

December 11, 2023 | reuters.com

Canada's Rogers offloads Cogeco stake for $611 mln to CDPQ

December 11, 2023 | msn.com

Rogers selling all its Cogeco shares to Caisse de dépôt et placement du Québec

December 11, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - CGO

December 11, 2023 | finance.yahoo.com

CDPQ Purchases All Shares in Cogeco and Cogeco Communications Held by Rogers

November 28, 2023 | morningstar.com

Cogeco Inc Shs Subord.voting CGO

November 15, 2023 | theglobeandmail.com

Cogeco: Top 10 Undervalued Communication Services Sector Stocks on TSX (CGO)

November 9, 2023 | finance.yahoo.com

Read This Before Considering Cogeco Inc. (TSE:CGO) For Its Upcoming CA$0.85 Dividend

November 1, 2023 | finance.yahoo.com

Cogeco Releases its Financial Results for the Fourth Quarter of Fiscal 2023

See More Headlines

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Company Calendar

Ex-Dividend for 2/7 Dividend: 1/23/2024
Dividend Payable: 2/07/2024
Last Earnings: 4/11/2024
Today: 4/16/2024
Next Earnings (Estimated): 7/11/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Communication Services
Industry: Telecom Services
Sub-Industry: N/A
Current Symbol: TSE:CGO
CUSIP: N/A
CIK: N/A
Web: corpo.cogeco.com
Phone: +1-514-7644700
Fax: N/A
Employees: 4,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$82.00
High Stock Price Target: C$106.00
Low Stock Price Target: C$58.00
Potential Upside/Downside: +40.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.05
Trailing P/E Ratio: 13.20
Forward P/E Ratio: 5.24
P/E Growth: -0.28
Net Income: C$63.09 million
Net Margins: 2.06%
Pretax Margin: N/A
Return on Equity: 9.44%
Return on Assets: 5.13%

Debt

Debt-to-Equity Ratio: 137.99
Current Ratio: 0.63
Quick Ratio: 0.51

Sales & Book Value

Annual Sales: C$3.07 billion
Price / Sales: 0.14
Cash Flow: C$21.44 per share
Price / Cash Flow: 2.49
Book Value: C$60.77 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 8,040,000
Free Float: N/A
Market Cap: C$429.98 million
Optionable: Not Optionable
Beta: 0.26

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Key Executives

Mr. Frederic Perron B.Com.
President, CEO & Director
Mr. Patrice Ouimet B.Com.
C.A., CPA, FCPA, Senior VP & CFO
Mr. Frank H. M. van der Post B.S. (Age 63)
M.S., President of Breezeline
Comp: $1.2M
Mr. Tim Dinesen
Senior VP & CTO
Troy Crandall
Head of Investor Relations
Ms. Valery Zamuner CA (Age 49)
CFA, ICD.D, LLB, M.B.A., Senior VP, Secretary and Chief Corporate Affairs & Legal Officer
Mr. Francois-Philippe Lessard C.F.A.
Vice President of Corporate Development
Ms. Linda Gillespie
Senior VP & Chief Human Resources Officer
Ms. Caroline Paquet (Age 52)
President of Cogeco Media Inc.
Ms. Julie Latreille C.F.A.
VP & Treasurer

Key Competitors

View All Competitors

CGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Cogeco stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogeco in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CGO shares.
View CGO analyst ratings or view top-rated stocks.
What is Cogeco's stock price target for 2024?: 2 equities research analysts have issued twelve-month price objectives for Cogeco's stock. Their CGO share price targets range from C$58.00 to C$106.00. On average, they predict the company's share price to reach C$82.00 in the next year. This suggests a possible upside of 53.3% from the stock's current price.
View analysts price targets for CGO or view top-rated stocks among Wall Street analysts.
How have CGO shares performed in 2024?: Cogeco's stock was trading at C$57.17 on January 1st, 2024. Since then, CGO shares have decreased by 6.5% and is now trading at C$53.48.
View the best growth stocks for 2024 here.
When is Cogeco's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our CGO earnings forecast.
How were Cogeco's earnings last quarter?: Cogeco Inc. (TSE:CGO) issued its quarterly earnings results on Thursday, April, 11th. The company reported $2.33 earnings per share for the quarter. The firm earned $751.91 million during the quarter. Cogeco had a trailing twelve-month return on equity of 9.44% and a net margin of 2.06%.

How often does Cogeco pay dividends? What is the dividend yield for Cogeco?: Cogeco declared a quarterly dividend on Thursday, January 11th. Stockholders of record on Wednesday, January 24th will be given a dividend of 0.854 per share on Wednesday, February 7th. This represents a $3.42 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, January 23rd.
Read our dividend analysis for CGO.
Is Cogeco a good dividend stock?: Cogeco (TSE:CGO) pays an annual dividend of C$3.42 per share and currently has a dividend yield of 5.95%. CGO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.44%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CGO.
What other stocks do shareholders of Cogeco own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cogeco investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Wheaton Precious Metals (WPM), Open Text (OTEX), Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX).
How do I buy shares of Cogeco?: Shares of CGO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CGO) was last updated on 4/16/2024 by MarketBeat.com Staff

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Cogeco (CGO) Stock Price, News & Analysis

Cogeco MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cogeco Stock (TSE:CGO)

CGO Stock Price History

CGO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CGO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™