Cogeco (CGO) PT Lowered to C$86.00

Cogeco (TSE:CGO) had its target price lowered by investment analysts at CIBC from C$90.00 to C$86.00 in a research note issued to investors on Friday. CIBC’s price target would indicate a potential upside of 5.01% from the stock’s current price.

Separately, TD Securities cut Cogeco from a “buy” rating to a “hold” rating and set a C$95.00 target price for the company. in a report on Friday, October 6th.

Shares of Cogeco (TSE:CGO) opened at C$81.90 on Friday. Cogeco has a 1 year low of C$57.57 and a 1 year high of C$96.87. The company has a market cap of $1,200.00, a price-to-earnings ratio of 12.58 and a beta of 0.92.

In other news, insider Diane Nyisztor sold 713 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$86.93, for a total transaction of C$61,981.09. Also, insider Christian Jolivet sold 500 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$89.65, for a total transaction of C$44,825.00. In the last quarter, insiders have sold 1,412 shares of company stock valued at $125,948.

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Cogeco Company Profile

Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.

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