TD Securities Issues Positive Forecast for Cogeco (TSE:CGO) Stock Price

Cogeco (TSE:CGO - Free Report) had its price target upped by TD Securities from C$99.00 to C$104.00 in a research note released on Monday, BayStreet.CA reports.

Separately, CIBC raised their price objective on Cogeco from C$58.00 to C$59.00 and gave the stock a "neutral" rating in a report on Monday, July 15th.

Cogeco Trading Up 2.7 %

Shares of TSE CGO traded up C$1.65 during trading on Monday, hitting C$61.68. 22,542 shares of the company traded hands, compared to its average volume of 20,152. The firm has a market capitalization of C$487.89 million, a P/E ratio of 7.22, a P/E/G ratio of -0.28 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 151.56. The company has a 50-day moving average price of C$57.92 and a 200-day moving average price of C$53.96. Cogeco has a 1 year low of C$44.62 and a 1 year high of C$62.88.

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.