Cogeco (TSE:CGO) PT Raised to C$93.50 at CIBC

Cogeco (TSE:CGO) had its price objective upped by research analysts at CIBC from C$90.00 to C$93.50 in a report released on Friday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 2.47% from the stock’s current price.

Separately, TD Securities raised their price objective on First Capital Realty from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Saturday, April 13th.

Shares of Cogeco stock traded up C$4.10 during trading on Friday, reaching C$91.25. The company’s stock had a trading volume of 27,213 shares, compared to its average volume of 16,089. The company has a debt-to-equity ratio of 155.15, a quick ratio of 0.52 and a current ratio of 2.37. The stock has a market capitalization of $1.35 billion and a P/E ratio of 14.97. Cogeco has a 1-year low of C$54.93 and a 1-year high of C$93.15. The company has a 50-day moving average price of C$83.94.

Cogeco (TSE:CGO) last posted its quarterly earnings data on Tuesday, April 9th. The company reported C$1.67 earnings per share for the quarter. The business had revenue of C$608.57 million during the quarter. As a group, equities analysts predict that Cogeco will post 5.7400001 EPS for the current year.

About Cogeco

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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