Separately, CIBC downgraded Cogeco from an outperform rating to a neutral rating in a report on Monday, January 8th.
Shares of Cogeco (TSE CGO) traded down C$3.53 on Friday, hitting C$81.90. The stock had a trading volume of 28,600 shares, compared to its average volume of 28,263. The firm has a market cap of $1,200.00, a P/E ratio of 12.58 and a beta of 0.92. Cogeco has a fifty-two week low of C$57.57 and a fifty-two week high of C$96.87.
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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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