Cogeco (TSE:CGO) Hits New 12-Month High – Should You Buy?

Cogeco Inc. (TSE:CGO) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$72.66 and last traded at C$72.32, with a volume of 1028 shares trading hands. The stock had previously closed at C$72.46.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Securities upped their target price on Cogeco from C$110.00 to C$120.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Canadian Imperial Bank of Commerce upped their price target on shares of Cogeco from C$61.00 to C$66.00 in a report on Friday, January 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$93.00.

Cogeco Stock Performance

The stock’s 50-day moving average price is C$67.17 and its 200-day moving average price is C$63.05. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15. The company has a market capitalization of C$671.57 million, a P/E ratio of 8.21, a P/E/G ratio of -0.28 and a beta of 0.73.

Cogeco (TSE:CGO) last released its quarterly earnings data on Wednesday, January 14th. The company reported C$3.00 earnings per share for the quarter. Cogeco had a net margin of 3.00% and a return on equity of 11.28%. The firm had revenue of C$735.64 million for the quarter. As a group, equities analysts expect that Cogeco Inc. will post 11.054717 EPS for the current 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.