Cogeco (TSE:CGO) Price Target Lowered to C$94.00 at TD Securities

Cogeco (TSE:CGOFree Report) had its price target lowered by TD Securities from C$106.00 to C$94.00 in a research note published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Cogeco Stock Performance

Shares of CGO stock opened at C$50.50 on Wednesday. The company has a market capitalization of C$406.02 million, a price-to-earnings ratio of 12.05, a PEG ratio of -0.28 and a beta of 0.27. The company has a debt-to-equity ratio of 152.98, a quick ratio of 0.51 and a current ratio of 0.57. Cogeco has a 52 week low of C$44.62 and a 52 week high of C$62.49. The company has a 50-day simple moving average of C$53.05 and a 200 day simple moving average of C$55.18.

Cogeco (TSE:CGOGet Free Report) last posted its earnings results on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a return on equity of 9.40% and a net margin of 1.74%. The company had revenue of C$751.91 million for the quarter. On average, sell-side analysts predict that Cogeco will post 12.0907029 earnings per share for the current year.

Cogeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were given a dividend of $0.854 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 6.76%. Cogeco’s payout ratio is presently 81.62%.

About Cogeco

(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.

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