Cogeco Inc. (TSE:CGO – Get Rating) reached a new 52-week low on Thursday . The stock traded as low as C$67.23 and last traded at C$67.59, with a volume of 11279 shares changing hands. The stock had previously closed at C$68.96.
CGO has been the topic of several research reports. CIBC upgraded Cogeco from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$101.00 to C$106.00 in a research report on Friday, April 22nd. TD Securities decreased their target price on Cogeco from C$135.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, May 2nd.
The stock has a market cap of C$1.08 billion and a PE ratio of 7.72. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 153.87. The stock has a 50-day moving average of C$75.28 and a 200 day moving average of C$77.66.
Cogeco Company Profile (TSE:CGO)
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States.
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