Cogeco Inc. (CGO) Upgraded at CIBC
CIBC upgraded shares of Cogeco Inc. (TSE:CGO) from a sector perform rating to an outperform rating in a report published on Tuesday. They currently have C$61.00 target price on the stock, up from their previous target price of C$58.00.
Several other research firms have also weighed in on CGO. Barclays PLC raised their price objective on Cogeco from C$54.00 to C$56.00 and gave the stock an equal weight rating in a research note on Friday, November 4th. TD Securities raised their price objective on Cogeco from C$74.00 to C$77.00 and gave the stock a buy rating in a research note on Friday, November 4th. Finally, Royal Bank Of Canada reduced their price objective on Cogeco from C$71.00 to C$69.00 and set a sector perform rating for the company in a research note on Friday, November 4th.
Shares of Cogeco (TSE:CGO) opened at 52.80 on Tuesday. Cogeco has a 52-week low of $47.55 and a 52-week high of $57.82. The firm’s 50-day moving average price is $50.19 and its 200-day moving average price is $52.10. The stock’s market cap is $882.29 million.
Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.
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