Cogeco (TSE:CGO) Price Target Raised to C$120.00

Cogeco (TSE:CGO) had its price objective increased by TD Securities from C$110.00 to C$120.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, CIBC reduced their price target on Cogeco from C$64.00 to C$61.00 in a research report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$93.00.

Cogeco Stock Up 4.0%

Shares of Cogeco stock opened at C$71.56 on Friday. Cogeco has a twelve month low of C$51.56 and a twelve month high of C$72.62. The stock has a market cap of C$677.53 million, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of -0.28 and a beta of 0.54. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15. The company has a fifty day moving average price of C$63.57 and a 200 day moving average price of C$61.96.

Cogeco (TSE:CGO) last released its quarterly earnings data on Wednesday, January 14th. The company reported C$3.00 EPS for the quarter. Cogeco had a return on equity of 11.28% and a net margin of 3.00%.The company had revenue of C$735.64 million for the quarter. Equities research analysts forecast that Cogeco will post 11.054717 earnings per share for the current fiscal year.

About Cogeco

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.