Cogeco (TSE:CGO) Stock Price Expected to Rise, CIBC Analyst Says

Cogeco (TSE:CGO) had its price objective increased by equities researchers at CIBC from C$61.00 to C$66.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target points to a potential downside of 7.77% from the stock’s current price.

Separately, TD Securities increased their price target on Cogeco from C$110.00 to C$120.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$93.00.

Cogeco Stock Up 4.0%

Cogeco stock opened at C$71.56 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’s 50-day moving average is C$63.57 and its 200-day moving average is C$62.00. The firm has a market capitalization of C$677.53 million, a PE ratio of 8.28, a P/E/G ratio of -0.28 and a beta of 0.54. Cogeco has a fifty-two week low of C$51.56 and a fifty-two week high of C$72.62.

Cogeco (TSE:CGO) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C$3.00 EPS for the quarter. The business had revenue of C$735.64 million during the quarter. Cogeco had a return on equity of 11.28% and a net margin of 3.00%. Sell-side analysts anticipate that Cogeco will post 11.054717 earnings per share for the current year.

Cogeco Company Profile

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. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.