Cogeco (TSE:CGO) Stock Rating Upgraded by TD Securities

Key Points

• TD Securities upgraded Cogeco from a "hold" to a "strong‑buy", even as it lowered its price target from C$85 to C$81.
• Overall analyst sentiment is bullish — the consensus rating is "Strong Buy" with a consensus price target of C$77.33, and CIBC recently raised its target to C$66.
• Shares opened at C$61.88 with a market cap of C$586 million and a P/E of 7.09; last quarter Cogeco reported C$2.12 EPS on C$713.04 million in revenue.

Cogeco (TSE:CGO - Get Free Report) was upgraded by equities research analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also commented on CGO. Canadian Imperial Bank of Commerce lifted their price target on shares of Cogeco from C$61.00 to C$66.00 in a research report on Friday, January 16th. TD upgraded Cogeco from a "hold" rating to a "buy" rating and reduced their target price for the company from C$85.00 to C$81.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus price target of C$77.33.

Cogeco Stock Down 0.1%

CGO stock opened at C$61.88 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.51 and a debt-to-equity ratio of 531.92. The firm has a 50-day moving average of C$70.92 and a two-hundred day moving average of C$65.91. Cogeco has a 12 month low of C$55.19 and a 12 month high of C$77.04. The company has a market cap of C$586.00 million, a price-to-earnings ratio of 7.09, a PEG ratio of -0.28 and a beta of 0.83.

Cogeco (TSE:CGO - Get Free Report) last posted its quarterly earnings results on Thursday, April 9th. The company reported C$2.12 EPS for the quarter. Cogeco had a return on equity of 9.64% and a net margin of 2.86%.The business had revenue of C$713.04 million for the quarter. As a group, analysts forecast that Cogeco will post 11.054717 earnings per share for the current fiscal year.

About Cogeco

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. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.