Cogeco Inc. (CGO) Reaches New 12-Month High at $83.33
Cogeco Inc. (TSE:CGO) shares reached a new 52-week high on Monday . The stock traded as high as C$83.33 and last traded at C$82.44, with a volume of 14,782 shares traded. The stock had previously closed at C$81.88.
CGO has been the topic of a number of research reports. TD Securities raised their price target on shares of Cogeco from C$89.00 to C$95.00 and gave the company a “buy” rating in a research note on Monday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Cogeco in a report on Tuesday, July 4th.
The stock has a market cap of $1.37 billion and a PE ratio of 11.91. The stock has a 50 day moving average price of $80.15 and a 200 day moving average price of $71.14.
In other Cogeco news, insider Elizabeth Alves sold 474 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of C$75.80, for a total value of C$35,929.20.
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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