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

Cogeco (TSE:CGO) had its price objective dropped by analysts at CIBC from C$69.00 to C$67.00 in a research note issued on Monday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 8.13% from the stock’s current price.

Separately, TD Securities raised their price target on shares of Cogeco from C$99.00 to C$104.00 in a report on Monday.

Cogeco Stock Up 0.5 %

CGO stock opened at C$61.96 on Monday. The stock has a 50-day simple moving average of C$58.16 and a two-hundred day simple moving average of C$54.08. Cogeco has a twelve month low of C$44.62 and a twelve month high of C$62.88. The firm has a market capitalization of C$490.10 million, a PE ratio of 7.38, a PEG ratio of -0.28 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 151.56.

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.