Cogeco Inc. (CGO) Price Target Raised to C$95.00 at TD Securities
Cogeco Inc. (TSE:CGO) had its price target upped by stock analysts at TD Securities from C$89.00 to C$95.00 in a research note issued to investors on Monday. TD Securities’ target price points to a potential upside of 31.56% from the stock’s previous close.
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Cogeco in a report on Tuesday, July 4th. Barclays PLC upped their target price on shares of Cogeco from C$56.00 to C$60.00 in a report on Tuesday, April 11th.
Shares of Cogeco (TSE CGO) traded up 2.63% during trading on Monday, reaching $72.21. 18,352 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.20 billion and a price-to-earnings ratio of 10.39. The stock has a 50 day moving average price of $67.31 and a 200-day moving average price of $63.07. Cogeco has a 52 week low of $47.55 and a 52 week high of $72.29.
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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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