Cogeco (CGO) Stock Price, News & Analysis

Company Overview

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. The company also provides advanced network connectivity services, such as dedicated fibre, session initiation protocol, primary rate interface, trunking solutions, and hosted private branch exchange solutions, as well as managed business Wi-Fi. In addition, it owns and operates 21 radio stations with complementary radio formats and coverage serving a range of audiences primarily across the province of Québec; and Cogeco News, a news agency. It serves primary service units, including Internet, video, and telephony service customers. The company was incorporated in 1957 and is headquartered in Montreal, Canada. Cogeco Inc. operates as a subsidiary of Gestion Audem Inc.

Key Stats

• Today's Range: C$60.00 to C$60.74
• 50-Day Range: C$55.13 to C$62.74
• 52-Week Range: C$46.14 to C$63.15
• Volume: 5,202 shs
• Average Volume: 19,824 shs
• Market Capitalization: C$475.71 million
• P/E Ratio: 7.17
• Dividend Yield: 5.69%
• Price Target: C$82.67
• Consensus Rating: Moderate Buy

Cogeco Stock Analysis - MarketRank™

Cogeco scored higher than 54% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cogeco has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Cogeco has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cogeco is 7.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cogeco is 7.17, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 312.36.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Cogeco, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Cogeco has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CGO.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Cogeco is a leading dividend payer. It pays a dividend yield of 5.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cogeco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cogeco is 40.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CGO.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for CGO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Cogeco to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cogeco insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.11% of the stock of Cogeco is held by insiders.

Percentage Held by Institutions

Only 27.61% of the stock of Cogeco is held by institutions.

CGO Stock Analysis - Frequently Asked Questions

How have CGO shares performed this year?

Cogeco's stock was trading at C$57.17 at the beginning of the year. Since then, CGO stock has increased by 5.2% and is now trading at C$60.14.
View the best growth stocks for 2024 here.

How do I buy shares of Cogeco?

Shares of CGO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Cogeco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cogeco investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Company Calendar

• Ex-Dividend for 11/28 Dividend: 11/14/2024
• Today: 11/21/2024
• Dividend Payable: 11/28/2024
• Next Earnings (Estimated): 1/08/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Communication Services
• Industry: Telecom Services
• Sub-Industry: Financial Services
• Current Symbol: TSE:CGO
• CUSIP: N/A
• CIK: N/A
• Web: corpo.cogeco.com
• Phone: +1-514-7644700
• Fax: N/A
• Employees: 2,219
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$82.67
• High Stock Price Target: C$104.00
• Low Stock Price Target: C$67.00
• Potential Upside/Downside: +35.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$8.39
• Trailing P/E Ratio: 7.29
• Forward P/E Ratio: 5.53
• P/E Growth: -0.28
• Net Income: C$106.73 million
• Net Margins: 3.47%
• Pretax Margin: N/A
• Return on Equity: 10.59%
• Return on Assets: 4.96%

Debt

• Debt-to-Equity Ratio: 151.56
• Current Ratio: 0.44
• Quick Ratio: 0.51

Sales & Book Value

• Annual Sales: C$3.07 billion
• Price / Sales: 0.16
• Cash Flow: C$24.51 per share
• Price / Cash Flow: 2.49
• Book Value: C$85.29 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 7,910,000
• Free Float: N/A
• Market Cap: C$483.54 million
• Optionable: Not Optionable
• Beta: 0.34