TD Securities Lowers Cogeco (TSE:CGO) Price Target to C$110.00

Cogeco (TSE:CGO) had its target price cut by stock analysts at TD Securities from C$115.00 to C$110.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 85.15% from the company’s current price.

Separately, CIBC lowered their price objective on Cogeco from C$64.00 to C$61.00 in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Cogeco has an average rating of “Buy” and an average price target of C$85.50.

Cogeco Stock Down 1.6%

CGO stock opened at C$59.41 on Monday. Cogeco has a twelve month low of C$51.56 and a twelve month high of C$69.50. The company has a quick ratio of 0.51, a current ratio of 0.40 and a debt-to-equity ratio of 605.15. The stock has a market cap of C$564.34 million, a P/E ratio of 6.74, a PEG ratio of -0.28 and a beta of 0.37. The business’s 50-day moving average price is C$60.61 and its 200-day moving average price is C$62.33.

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.