Cogeco (TSE:CGO) Reaches New 12-Month Low – Time to Sell?

Cogeco Inc. (TSE:CGO) shares reached a new 52-week low during trading on Tuesday. The company traded as low as C$45.91 and last traded at C$45.21, with a volume of 40,251 shares. The stock had previously closed at C$44.83.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce decreased their target price on shares of Cogeco from C$67.00 to C$60.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$75.33.

Cogeco Price Performance

The company’s 50-day moving average is C$54.30 and its 200-day moving average is C$60.32. The firm has a market capitalization of C$430.88 million, a price-to-earnings ratio of -1.26, a PEG ratio of -0.28 and a beta of 0.92. The company has a debt-to-equity ratio of 961.67, a current ratio of 0.49 and a quick ratio of 0.51.

Cogeco (TSE:CGO) last issued its earnings results on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. The business had revenue of C$724.17 million for the quarter. Cogeco had a negative net margin of 11.78% and a negative return on equity of 43.86%. On average, research analysts expect that Cogeco Inc. will post 11.05 earnings per share for the current year.

About Cogeco

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.