Cogeco (CGO) Price Target Raised to C$80.00 at CIBC

Cogeco (TSE:CGO) had its price target upped by analysts at CIBC from C$77.00 to C$80.00 in a research report issued to clients and investors on Monday. CIBC’s target price indicates a potential upside of 18.87% from the company’s previous close.

A number of other research firms have also commented on CGO. TD Securities increased their price objective on Cogeco from C$98.00 to C$99.00 in a research note on Friday, November 2nd. Royal Bank of Canada increased their price objective on Cogeco from C$81.00 to C$82.00 in a research note on Wednesday, January 9th. Barclays increased their price objective on Cogeco from C$70.00 to C$72.00 in a research note on Friday, November 2nd. Finally, National Bank Financial increased their price objective on Cogeco from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research note on Monday.

Cogeco stock traded up C$1.88 during trading hours on Monday, hitting C$67.30. The stock had a trading volume of 20,296 shares, compared to its average volume of 14,066. The company has a debt-to-equity ratio of 163.80, a current ratio of 0.51 and a quick ratio of 0.45. Cogeco has a 1-year low of C$54.93 and a 1-year high of C$81.81.

Cogeco (TSE:CGO) last posted its earnings results on Wednesday, October 31st. The company reported C$1.60 earnings per share for the quarter. The firm had revenue of C$659.95 million during the quarter. Research analysts anticipate that Cogeco will post 5.44000018084892 earnings per share for the current fiscal year.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.

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