TD Securities Boosts Cogeco (TSE:CGO) Price Target to C$104.00

Cogeco (TSE:CGO) had its price target boosted by analysts at TD Securities from C$99.00 to C$104.00 in a research report issued on Monday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 67.85% from the stock’s previous close.

Separately, CIBC raised their price objective on Cogeco from C$58.00 to C$59.00 and gave the company a “neutral” rating in a report on Monday, July 15th.

Cogeco Trading Up 0.5 %

CGO opened at C$61.96 on Monday. The company has a market cap of C$490.10 million, a P/E ratio of 7.38, a PEG ratio of -0.28 and a beta of 0.34. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 151.56. The company’s 50 day moving average is C$58.16 and its 200-day moving average is C$54.08. Cogeco has a 1-year low of C$44.62 and a 1-year high of C$62.88.

About Cogeco

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.