Cogeco (CGO) Reaches New 1-Year High at $96.45

Cogeco Inc. (TSE:CGO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$96.45 and last traded at C$95.79, with a volume of 43432 shares changing hands. The stock had previously closed at C$94.24.

Separately, TD Securities raised their price target on shares of Cogeco from C$95.00 to C$97.00 and gave the company a “hold” rating in a report on Monday, November 6th.

In other Cogeco news, Director James Charles Cherry purchased 400 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of C$83.35 per share, for a total transaction of C$33,340.00. Also, insider Christian Jolivet sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$89.65, for a total transaction of C$44,825.00.

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Cogeco Company Profile

Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.

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