Cogeco (TSE:CGO) Posts Earnings Results

Cogeco (TSE:CGO) issued its quarterly earnings data on Wednesday. The company reported C$3.00 earnings per share for the quarter, FiscalAI reports. Cogeco had a return on equity of 11.28% and a net margin of 3.00%.The company had revenue of C$735.64 million for the quarter.

Cogeco Stock Performance

CGO stock opened at C$68.84 on Friday. Cogeco has a one year low of C$51.56 and a one year high of C$69.95. The firm has a market cap of C$653.91 million, a price-to-earnings ratio of 7.81, a PEG ratio of -0.28 and a beta of 0.54. The company has a debt-to-equity ratio of 605.15, a quick ratio of 0.51 and a current ratio of 0.40. The firm has a 50-day simple moving average of C$63.36 and a two-hundred day simple moving average of C$62.01.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CGO shares. TD Securities lowered their target price on shares of Cogeco from C$115.00 to C$110.00 and set a “buy” rating for the company in a report on Monday, November 3rd. CIBC decreased their price objective on shares of Cogeco from C$64.00 to C$61.00 in a research note on Friday, October 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$85.50.

Cogeco Company Profile

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.