Cogeco (TSE:CGO – Get Free Report) had its price objective dropped by TD Securities from C$110.00 to C$106.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 99.29% from the company’s previous close.
Separately, CIBC upped their target price on Cogeco from C$57.00 to C$58.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th.
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Cogeco Stock Performance
Cogeco (TSE:CGO – Get Free Report) last issued its earnings results on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a return on equity of 9.44% and a net margin of 2.06%. The firm had revenue of C$751.91 million for the quarter. Research analysts anticipate that Cogeco will post 10.1988848 earnings per share for the current fiscal year.
Cogeco Company Profile
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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