Cogeco (CGO) Hits New 52-Week Low at $57.73
Shares of Cogeco Inc. (TSE:CGO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$57.73 and last traded at C$58.72, with a volume of 6659 shares. The stock had previously closed at C$58.29.
A number of research firms have recently issued reports on CGO. TD Securities raised their target price on shares of Cogeco from C$96.00 to C$98.00 and gave the stock a “buy” rating in a research note on Saturday, July 14th. Barclays raised their target price on shares of Cogeco from C$60.00 to C$61.00 in a research note on Saturday, July 14th.
Cogeco (TSE:CGO) last posted its earnings results on Wednesday, July 11th. The company reported C$1.65 earnings per share (EPS) for the quarter. The company had revenue of C$668.93 million during the quarter. Cogeco had a net margin of 13.95% and a return on equity of 20.21%.
Cogeco Company Profile (TSE:CGO)
Cogeco Inc, through its subsidiaries, engages in the communication and media businesses in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.
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