Shares of Cogeco Inc. (TSE:CGO – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as C$43.51 and last traded at C$44.42, with a volume of 89,990 shares changing hands. The stock had previously closed at C$45.87.
Wall Street Analysts Forecast Growth
Separately, Canadian Imperial Bank of Commerce reduced their price target on Cogeco from C$67.00 to C$60.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cogeco presently has a consensus rating of “Buy” and an average price target of C$75.33.
View Our Latest Stock Report on CGO
Cogeco Price Performance
The firm has a 50 day moving average price of C$51.40 and a 200-day moving average price of C$62.13. The firm has a market capitalization of C$425.11 million, a P/E ratio of -1.24, a price-to-earnings-growth ratio of -0.28 and a beta of 0.92. The company has a current ratio of 0.49, a quick ratio of 0.51 and a debt-to-equity ratio of 961.67.
Cogeco (TSE:CGO – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported C$2.04 earnings per share for the quarter. The business had revenue of C$713.89 million during the quarter. Cogeco had a negative return on equity of 43.86% and a negative net margin of 11.78%. On average, analysts expect that Cogeco Inc. will post 11.05 earnings per share for the current year.
Cogeco Company Profile
Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.
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