CIBC Issues Pessimistic Forecast for Cogeco (TSE:CGO) Stock Price

Cogeco (TSE:CGO) had its price objective cut by analysts at CIBC from C$64.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential downside of 1.12% from the stock’s current price.

Cogeco Trading Up 2.7%

CGO opened at C$61.69 on Friday. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The company has a market cap of C$585.99 million, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of -0.28 and a beta of 0.39. The firm has a 50 day simple moving average of C$60.26 and a 200 day simple moving average of C$62.24. Cogeco has a fifty-two week low of C$51.56 and a fifty-two week high of C$69.50.

About Cogeco

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas.