TD Securities Issues Pessimistic Forecast for Cogeco (TSE:CGO) Stock Price

Cogeco (TSE:CGO) had its target price cut by equities research analysts at TD Securities from C$115.00 to C$110.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 82.66% from the company’s previous close.

Separately, CIBC dropped their price target on shares of Cogeco from C$64.00 to C$61.00 in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$82.67.

Cogeco Price Performance

Shares of CGO traded up C$1.59 during mid-day trading on Monday, reaching C$60.22. The stock had a trading volume of 44,689 shares, compared to its average volume of 23,608. The firm has a market cap of C$572.03 million, a price-to-earnings ratio of 6.84, a PEG ratio of -0.28 and a beta of 0.39. Cogeco has a 12 month low of C$51.56 and a 12 month high of C$69.50. The business has a fifty day moving average of C$60.57 and a 200 day moving average of C$62.35. The company has a debt-to-equity ratio of 605.15, a quick ratio of 0.51 and a current ratio of 0.40.

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.