Cogeco Inc. (CGO) Price Target Raised to C$72.00
Cogeco Inc. (TSE:CGO) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$70.00 to C$72.00 in a report released on Friday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 26.07% from the company’s current price.
CGO has been the subject of several other research reports. Barclays PLC upped their target price on shares of Cogeco from C$54.00 to C$56.00 and gave the company an “equal weight” rating in a research report on Friday, November 4th. TD Securities upped their price objective on shares of Cogeco from C$74.00 to C$77.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Finally, CIBC upgraded shares of Cogeco from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$58.00 to C$61.00 in a research report on Tuesday, November 15th.
Cogeco (TSE:CGO) traded up 2.92% during trading on Friday, reaching $58.78. The company’s stock had a trading volume of 9,642 shares. The company’s market cap is $982.80 million. Cogeco has a 52 week low of $47.55 and a 52 week high of $59.87. The company’s 50 day moving average price is $55.78 and its 200 day moving average price is $52.28.
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Cogeco Company Profile
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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