Cogeco (CGO) Price Target Cut to C$75.00 by Analysts at Barclays

Cogeco (TSE:CGO) had its target price decreased by Barclays from C$82.00 to C$75.00 in a report released on Friday, January 12th.

A number of other equities research analysts have also weighed in on CGO. TD Securities lifted their target price on Cogeco from C$95.00 to C$97.00 and gave the company a hold rating in a research report on Monday, November 6th. CIBC lowered Cogeco from an outperform rating to a neutral rating in a research report on Monday, January 8th.

Cogeco (CGO) opened at C$74.30 on Friday. The firm has a market capitalization of $1,090.00, a P/E ratio of 11.48 and a beta of 0.59. Cogeco has a 1-year low of C$58.30 and a 1-year high of C$96.87.

Cogeco (TSE:CGO) last issued its quarterly earnings results on Wednesday, January 10th. The company reported C$1.78 earnings per share (EPS) for the quarter. Cogeco had a return on equity of 15.59% and a net margin of 12.29%.

In other news, Director James Charles Cherry bought 400 shares of Cogeco stock in a transaction on Monday, November 6th. The stock was acquired at an average price of C$83.35 per share, with a total value of C$33,340.00. Also, insider Christian Jolivet sold 500 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$89.65, for a total value of C$44,825.00. In the last quarter, insiders have sold 1,412 shares of company stock worth $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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