Cogeco (TSE:CGO – Get Free Report) had its price target hoisted by stock analysts at CIBC from C$58.00 to C$59.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 15.21% from the stock’s previous close.
Separately, TD Securities increased their price objective on shares of Cogeco from C$94.00 to C$99.00 and gave the stock a “buy” rating in a research report on Monday.
Check Out Our Latest Stock Analysis on Cogeco
Cogeco Stock Up 2.4 %
Cogeco (TSE:CGO – Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The company reported C$2.33 earnings per share (EPS) for the quarter. The firm had revenue of C$751.91 million during the quarter. Cogeco had a net margin of 1.74% and a return on equity of 9.40%. As a group, equities analysts expect that Cogeco will post 12.0907029 earnings per share for the current year.
About Cogeco
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.
Featured Articles
- Five stocks we like better than Cogeco
- What is a SEC Filing?
- Automaker’s Bold Move to an EV Future: Is It Time to Buy Stock?
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Massive Breakout: This ETF Signals Big Gains for Small-Cap Stocks
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Major Gaming Stock to Watch: Why It’s a Safe Bet Now
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.