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

Cogeco (TSE:CGO) had its target price decreased by research analysts at CIBC from C$67.00 to C$64.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 16.66% from the company’s previous close.

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

Cogeco Stock Performance

Shares of CGO traded up C$0.38 during mid-day trading on Wednesday, hitting C$54.86. The stock had a trading volume of 19,089 shares, compared to its average volume of 21,555. Cogeco has a fifty-two week low of C$46.25 and a fifty-two week high of C$65.34. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 151.56. The company has a market cap of C$433.94 million, a PE ratio of 6.54, a PEG ratio of -0.28 and a beta of 0.34. The company’s fifty day simple moving average is C$60.20 and its two-hundred day simple moving average is C$57.17.

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.