TD Securities Forecasts Strong Price Appreciation for Cogeco (TSE:CGO) Stock

Cogeco (TSE:CGO) had its target price upped by TD Securities from C$99.00 to C$104.00 in a research note issued on Monday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 71.76% from the company’s previous close.

Separately, CIBC raised their price target on Cogeco from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research report on Monday, July 15th.

Cogeco Price Performance

Shares of Cogeco stock traded up C$0.52 during trading on Monday, hitting C$60.55. The stock had a trading volume of 14,855 shares, compared to its average volume of 20,116. The firm has a market cap of C$478.95 million, a price-to-earnings ratio of 7.22, a P/E/G ratio of -0.28 and a beta of 0.34. Cogeco has a 12 month low of C$44.62 and a 12 month high of C$62.88. The business’s 50-day moving average is C$57.92 and its 200 day moving average is C$53.96. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 151.56.

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.