Cogeco (TSE:CGO) had its price objective lowered by equities researchers at TD Securities from C$97.00 to C$96.00 in a note issued to investors on Friday. TD Securities’ target price indicates a potential upside of 12.37% from the stock’s previous close.

Separately, CIBC downgraded shares of Cogeco from an “outperform” rating to a “neutral” rating in a research report on Monday.

Cogeco (CGO) traded down C$2.91 during trading on Friday, reaching C$85.43. 57,335 shares of the company’s stock were exchanged, compared to its average volume of 28,217. The firm has a market cap of $1,200.00, a price-to-earnings ratio of 13.12 and a beta of 0.92. Cogeco has a 12 month low of C$56.55 and a 12 month high of C$96.87.

In other Cogeco news, insider Christian Jolivet sold 500 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$89.65, for a total value of C$44,825.00. Also, Director James Charles Cherry acquired 400 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of C$83.35 per share, for a total transaction of C$33,340.00. Over the last three months, insiders sold 1,412 shares of company stock worth $125,948.

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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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