Cogeco (TSE:CGO) had its target price reduced by equities researchers at Barclays from C$82.00 to C$75.00 in a research note issued to investors on Friday. Barclays’ price target points to a potential downside of 8.42% from the company’s previous close.

A number of other brokerages have also weighed in on CGO. CIBC lowered shares of Cogeco from an “outperform” rating to a “neutral” rating in a research report on Monday, January 8th. TD Securities cut their target price on shares of Cogeco from C$97.00 to C$96.00 in a research report on Friday.

Shares of Cogeco (TSE CGO) opened at C$81.90 on Friday. Cogeco has a 52-week low of C$57.57 and a 52-week high of C$96.87. The firm has a market cap of $1,200.00, a P/E ratio of 12.58 and a beta of 0.92.

In other Cogeco news, Director James Charles Cherry purchased 400 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of C$83.35 per share, for a total transaction of C$33,340.00. Also, insider Christian Jolivet sold 500 shares of Cogeco stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$89.65, for a total transaction of C$44,825.00. In the last quarter, insiders have sold 1,412 shares of company stock worth $125,948.

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About Cogeco

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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