CIBC Lowers Cogeco (TSE:CGO) Price Target to C$64.00

Cogeco (TSE:CGO) had its target price lowered by research analysts at CIBC from C$67.00 to C$64.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 19.51% from the stock’s previous close.

A number of other research analysts also recently weighed in on CGO. Canaccord Genuity Group upgraded shares of Cogeco from a “hold” rating to a “buy” rating and increased their price objective for the company from C$65.00 to C$77.00 in a research report on Monday, November 4th. TD Securities upped their price target on shares of Cogeco from C$99.00 to C$104.00 in a research report on Monday, November 4th.

Cogeco Trading Down 0.7 %

Cogeco stock opened at C$53.55 on Wednesday. Cogeco has a one year low of C$46.25 and a one year high of C$65.34. The business’s fifty day moving average is C$59.89 and its 200 day moving average is C$57.25. The company has a debt-to-equity ratio of 151.56, a current ratio of 0.44 and a quick ratio of 0.51. The stock has a market capitalization of C$423.58 million, a PE ratio of 6.38, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34.

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.