Cogeco (TSE:CGO) Given New C$120.00 Price Target at TD Securities

Cogeco (TSE:CGO) had its target price lifted by TD Securities from C$110.00 to C$120.00 in a research note released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, CIBC cut their target price on Cogeco from C$64.00 to C$61.00 in a research report on Friday, October 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Cogeco currently has an average rating of “Buy” and a consensus target price of C$93.00.

Cogeco Stock Performance

Shares of CGO opened at C$71.56 on Friday. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The firm’s 50 day moving average is C$63.57 and its 200-day moving average is C$62.04. Cogeco has a 12-month low of C$51.56 and a 12-month high of C$72.62. The stock has a market capitalization of C$677.53 million, a P/E ratio of 8.28, a P/E/G ratio of -0.28 and a beta of 0.54.

Cogeco (TSE:CGO) last issued its earnings results on Wednesday, January 14th. The company reported C$3.00 earnings per share for the quarter. The firm had revenue of C$735.64 million during the quarter. Cogeco had a net margin of 3.00% and a return on equity of 11.28%. Equities research analysts anticipate that Cogeco will post 11.054717 EPS for the current fiscal year.

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.