TD Securities Cuts Cogeco (CGO) Price Target to C$96.00
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.
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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