CIBC Lowers Cogeco (TSE:CGO) Price Target to C$53.00

Cogeco (TSE:CGO) had its target price reduced by equities research analysts at CIBC from C$58.00 to C$53.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 9.05% from the stock’s current price.

Cogeco Stock Performance

CGO stock opened at C$48.60 on Friday. The company has a market capitalization of C$680.89 million, a P/E ratio of 9.84, a PEG ratio of -0.28 and a beta of 0.35. The company has a 50-day simple moving average of C$48.56 and a 200 day simple moving average of C$51.84. Cogeco has a fifty-two week low of C$45.07 and a fifty-two week high of C$68.47. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 152.71.

Cogeco Company Profile

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.