Insider Selling: Cogeco Inc. (CGO) Insider Sells 474 Shares of Stock
Cogeco Inc. (TSE:CGO) insider Elizabeth Alves sold 474 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of C$75.80, for a total transaction of C$35,929.20.
Cogeco Inc. (TSE CGO) traded down 1.08% during trading on Thursday, hitting $76.25. 12,135 shares of the company traded hands. The firm has a market cap of $1.26 billion and a price-to-earnings ratio of 10.96. Cogeco Inc. has a 52-week low of $47.55 and a 52-week high of $77.47. The company’s 50-day moving average is $70.36 and its 200 day moving average is $65.58.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, July 27th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.76%. This is a positive change from Cogeco’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, July 25th.
Several analysts have recently commented on CGO shares. Barclays PLC upped their price objective on shares of Cogeco from C$56.00 to C$60.00 in a report on Tuesday, April 11th. TD Securities boosted their target price on shares of Cogeco from C$86.00 to C$89.00 and gave the company a “buy” rating in a research note on Monday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Cogeco in a research note on Tuesday, July 4th.
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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