Cogeco (TSE:CGO) Cut to Hold at TD Securities

TD Securities lowered shares of Cogeco (TSE:CGO) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. TD Securities currently has C$85.00 price target on the stock, down from their prior price target of C$120.00.

Separately, Canadian Imperial Bank of Commerce upped their target price on shares of Cogeco from C$61.00 to C$66.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$75.50.

Cogeco Trading Down 1.2%

CGO stock opened at C$68.74 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 540.51. Cogeco has a twelve month low of C$53.41 and a twelve month high of C$77.04. The company has a market cap of C$650.83 million, a P/E ratio of 7.96, a PEG ratio of -0.28 and a beta of 0.82. The business has a fifty day moving average of C$71.57 and a 200-day moving average of C$65.48.

Cogeco (TSE:CGO) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C$3.00 earnings per share (EPS) for the quarter. The business had revenue of C$735.64 million for the quarter. Cogeco had a return on equity of 9.61% and a net margin of 2.80%. As a group, equities research analysts expect that Cogeco 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.