CIBC Lowers Cogeco (TSE:CGO) Price Target to C$100.00

Cogeco (TSE:CGO) had its price objective cut by research analysts at CIBC from C$105.00 to C$100.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 4.72% from the company’s current price.

Separately, TD Securities raised their price objective on Cogeco from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

CGO traded up C$2.31 during trading on Thursday, hitting C$95.49. 56,726 shares of the stock were exchanged, compared to its average volume of 32,932. The firm has a 50 day simple moving average of C$103.49 and a 200 day simple moving average of C$97.69. The firm has a market cap of $1.69 billion and a price-to-earnings ratio of 10.86. Cogeco has a 1 year low of C$63.98 and a 1 year high of C$107.88. The company has a debt-to-equity ratio of 133.70, a quick ratio of 1.68 and a current ratio of 1.74.

Cogeco (TSE:CGO) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.89 earnings per share (EPS) for the quarter. The company had revenue of C$610.51 million during the quarter. As a group, equities analysts anticipate that Cogeco will post 6.6399999 earnings per share for the current fiscal 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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