Cogeco (TSE:CGO) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a C$96.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 32.51% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Barclays reduced their target price on Cogeco from C$82.00 to C$75.00 in a research note on Friday, January 12th. CIBC reduced their target price on Cogeco from C$90.00 to C$86.00 in a research note on Friday, January 12th.
Cogeco (TSE CGO) opened at C$72.45 on Tuesday. The company has a market capitalization of $1,070.00, a price-to-earnings ratio of 11.20 and a beta of 0.62. Cogeco has a 12 month low of C$58.30 and a 12 month high of C$96.87.
Cogeco (TSE:CGO) last released its earnings results on Wednesday, January 10th. The company reported C$1.78 EPS for the quarter. The business had revenue of C$586.07 million for the quarter. Cogeco had a return on equity of 20.21% and a net margin of 13.95%.
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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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