Cogeco (TSE:CGO) Given New C$64.00 Price Target at CIBC

Cogeco (TSE:CGO) had its price target cut by CIBC from C$67.00 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other analysts also recently commented on CGO. TD Securities boosted their price target on shares of Cogeco from C$99.00 to C$104.00 in a research report on Monday, November 4th. Canaccord Genuity Group raised Cogeco from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$65.00 to C$77.00 in a report on Monday, November 4th.

Cogeco Price Performance

Shares of CGO opened at C$53.93 on Wednesday. Cogeco has a one year low of C$46.25 and a one year high of C$65.34. The stock’s fifty day moving average is C$60.04 and its 200-day moving average is C$57.21. The company has a debt-to-equity ratio of 151.56, a quick ratio of 0.51 and a current ratio of 0.44. The firm has a market capitalization of C$426.59 million, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34.

Cogeco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Stockholders of record on Thursday, November 14th were given a dividend of $0.922 per share. This is a positive change from Cogeco’s previous quarterly dividend of $0.85. The ex-dividend date was Thursday, November 14th. This represents a $3.69 annualized dividend and a dividend yield of 6.84%. Cogeco’s dividend payout ratio (DPR) is 40.76%.

Cogeco Company Profile

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas.