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.

COPYRIGHT VIOLATION WARNING: “Cogeco (CGO) Price Target Cut to C$75.00 by Analysts at Barclays” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/04/cogeco-cgo-pt-lowered-to-c75-00.html.

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.

Receive News & Ratings for Cogeco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply