Cogeco (TSE:CGO) Rating Lowered to “Hold” at TD Securities

Cogeco (TSE:CGO) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat.com reports. They presently have a C$85.00 price objective on the stock, down from their previous price objective of C$120.00. TD Securities’ target price would indicate a potential upside of 23.65% from the company’s current price.

Separately, Canadian Imperial Bank of Commerce boosted their price target on shares of Cogeco from C$61.00 to C$66.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$75.50.

Cogeco Trading Down 1.2%

Shares of CGO stock opened at C$68.74 on Thursday. The company’s fifty day simple moving average is C$71.57 and its two-hundred day simple moving average is C$65.45. The company has a debt-to-equity ratio of 540.51, a current ratio of 0.44 and a quick ratio of 0.51. Cogeco has a 1 year low of C$53.41 and a 1 year high of C$77.04. The stock has a market capitalization of C$650.83 million, a price-to-earnings ratio of 7.96, a PEG ratio of -0.28 and a beta of 0.82.

Cogeco (TSE:CGO) last posted its earnings results on Wednesday, January 14th. The company reported C$3.00 earnings per share (EPS) for the quarter. Cogeco had a return on equity of 9.61% and a net margin of 2.80%.The firm had revenue of C$735.64 million for the quarter. As a group, analysts anticipate that Cogeco will post 11.054717 earnings per share for the current year.

Cogeco Company Profile

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.