Cogeco (TSE:CGO – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported C$3.10 earnings per share (EPS) for the quarter, FiscalAI reports. Cogeco had a net margin of 2.86% and a return on equity of 9.64%. The business had revenue of C$724.17 million during the quarter.
Cogeco Trading Down 2.3%
CGO stock opened at C$62.12 on Friday. The firm has a fifty day moving average price of C$63.42 and a 200 day moving average price of C$66.69. Cogeco has a fifty-two week low of C$55.19 and a fifty-two week high of C$77.04. The firm has a market cap of C$588.28 million, a PE ratio of 7.12, a price-to-earnings-growth ratio of -0.28 and a beta of 0.79. The company has a debt-to-equity ratio of 531.92, a quick ratio of 0.51 and a current ratio of 0.50.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on CGO shares. TD raised shares of Cogeco from a “hold” rating to a “buy” rating and cut their target price for the company from C$85.00 to C$81.00 in a research note on Monday, April 13th. TD Securities raised shares of Cogeco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Cogeco presently has an average rating of “Strong Buy” and an average price target of C$77.33.
Cogeco Company Profile
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. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.
Read More
- Five stocks we like better than Cogeco
- Has Broadcom Become Too Expensive for Its AI Story?
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
Receive News & Ratings for Cogeco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco and related companies with MarketBeat.com's FREE daily email newsletter.
