CIBC Has Lowered Expectations for Cogeco (TSE:CGO) Stock Price

Cogeco (TSE:CGO) had its price objective reduced by research analysts at CIBC from C$67.00 to C$64.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 19.51% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group upgraded Cogeco from a “hold” rating to a “buy” rating and raised their target price for the company from C$65.00 to C$77.00 in a research note on Monday, November 4th. TD Securities increased their price objective on Cogeco from C$99.00 to C$104.00 in a report on Monday, November 4th.

Cogeco Price Performance

CGO stock opened at C$53.55 on Wednesday. The company has a debt-to-equity ratio of 151.56, a current ratio of 0.44 and a quick ratio of 0.51. Cogeco has a 1 year low of C$46.25 and a 1 year high of C$65.34. The firm has a 50-day moving average of C$59.89 and a 200 day moving average of C$57.25. The company has a market cap of C$423.58 million, a P/E ratio of 6.38, a PEG ratio of -0.28 and a beta of 0.34.

About Cogeco

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.