Cogeco (CGO) PT Lowered to C$96.00 at TD Securities

Cogeco (TSE:CGO) had its price objective cut by TD Securities from C$97.00 to C$96.00 in a research note issued to investors on Friday.

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.

In other news, Director James Charles Cherry acquired 400 shares of Cogeco stock in a transaction on Monday, November 6th. The shares were purchased at an average price of C$83.35 per share, with a total value of C$33,340.00. Also, insider Diane Nyisztor sold 713 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$86.93, for a total value of C$61,981.09. Insiders sold a total of 1,412 shares of company stock worth $125,948 over the last three months.

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About Cogeco

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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