TD Securities Boosts Cogeco (CGO) Price Target to C$115.00

Cogeco (TSE:CGO) had its price target hoisted by TD Securities from C$110.00 to C$115.00 in a research note published on Saturday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on CGO. CIBC upgraded Cogeco from a neutral rating to an outperform rating and boosted their price target for the company from C$80.00 to C$89.00 in a report on Thursday, February 28th. National Bank Financial boosted their price target on Cogeco from C$80.00 to C$84.00 and gave the company an outperform rating in a report on Monday, January 14th. Finally, Royal Bank of Canada boosted their price target on Cogeco from C$81.00 to C$82.00 in a report on Wednesday, January 9th.

CGO stock opened at C$82.36 on Friday. The company has a current ratio of 2.37, a quick ratio of 0.52 and a debt-to-equity ratio of 155.15. Cogeco has a 52-week low of C$54.93 and a 52-week high of C$84.19. The company has a market cap of $1.18 billion and a price-to-earnings ratio of 13.40.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.

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