Cogeco (CGO) Price Target Lowered to C$86.00 at CIBC

Cogeco (TSE:CGO) had its price objective trimmed by CIBC from C$90.00 to C$86.00 in a report released on Friday.

Separately, TD Securities lowered shares of Cogeco from a buy rating to a hold rating and set a C$95.00 target price for the company. in a research note on Friday, October 6th.

Shares of Cogeco (TSE CGO) traded down C$3.53 during midday trading on Friday, reaching C$81.90. 28,600 shares of the company were exchanged, compared to its average volume of 28,263. The firm has a market cap of $1,200.00, a price-to-earnings ratio of 12.58 and a beta of 0.92. Cogeco has a 12-month low of C$57.57 and a 12-month high of C$96.87.

In related news, Director James Charles Cherry bought 400 shares of Cogeco stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of C$83.35 per share, with a total value of C$33,340.00. Also, insider Christian Jolivet sold 500 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$89.65, for a total transaction of C$44,825.00. Over the last ninety days, insiders sold 1,412 shares of company stock valued at $125,948.

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About Cogeco

Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.

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