TSE:CGO Cogeco (CGO) Stock Forecast, Price & News C$55.15 -0.19 (-0.34%) (As of 02:01 PM ET) Add Compare Share Share Today's RangeC$54.73▼C$55.8750-Day RangeC$53.05▼C$62.4752-Week RangeC$52.06▼C$73.81Volume8,050 shsAverage Volume37,055 shsMarket CapitalizationC$773.20 millionP/E Ratio5.75Dividend Yield5.29%Price TargetC$84.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Cogeco MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside52.9% UpsideC$84.50 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.28 out of 5 stars 3.3 Analyst's Opinion Consensus RatingCogeco has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$84.50, Cogeco has a forecasted upside of 52.9% from its current price of C$55.27.Amount of Analyst CoverageCogeco has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CGO. Previous Next 2.5 Dividend Strength Dividend LeadershipCogeco is a leading dividend payer. It pays a dividend yield of 5.37%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCogeco does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cogeco is 30.45%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CGO. Previous Next 0.6 News and Social Media Coverage Search Interest1 people have searched for CGO on MarketBeat in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cogeco insiders have not sold or bought any company stock.Percentage Held by Insiders43.73% of the stock of Cogeco is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 21.81% of the stock of Cogeco is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Cogeco is 5.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Cogeco is 5.76, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 239.52.Price to Earnings Growth RatioDue to a projected decrease in earnings for Cogeco, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCogeco has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cogeco (TSE:CGO) StockCogeco Inc., through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States. The Other segment owns and operates 23 radio stations with complementary radio formats and coverage serving a range of audiences primarily across the province of Québec; and Cogeco News, a news agency. It serves primary service units, Internet, video, and telephony service customers. The company was incorporated in 1957 and is headquartered in Montreal, Canada.Read More Receive CGO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cogeco and its competitors with MarketBeat's FREE daily newsletter. Email Address CGO Stock News HeadlinesMay 4, 2023 | finance.yahoo.comCogeco Inc. (CGO.TO)April 22, 2023 | msn.comCIBC CAPITAL MARKETS Downgrades Cogeco (TSX:CGO)June 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.April 22, 2023 | msn.comTD SECURITIES Maintains Cogeco (TSX:CGO) Buy RecommendationApril 21, 2023 | theglobeandmail.comClosing Bell: Cogeco Inc Sv up on Friday (CGO)April 20, 2023 | americanbankingnews.comTD Securities Cuts Cogeco (TSE:CGO) Price Target to C$105.00April 16, 2023 | americanbankingnews.comCogeco (TSE:CGO) Price Target Lowered to C$64.00 at CIBCApril 14, 2023 | theglobeandmail.comClosing Bell: Cogeco Inc Sv down on Friday (CGO)June 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.April 12, 2023 | theglobeandmail.comRating agencies push Rogers to sell Cogeco stakeApril 11, 2023 | americanbankingnews.comCogeco (CGO) to Release Quarterly Earnings on ThursdayMarch 22, 2023 | finance.yahoo.comDid Cogeco Inc. (TSE:CGO) Use Debt To Deliver Its ROE Of 14%?March 20, 2023 | finance.yahoo.comCogeco and Cogeco Communications Schedule the Release of Their Financial Results for the Second Quarter of Fiscal 2023 and Related Conference CallMarch 1, 2023 | finance.yahoo.comIndividual investors own 34% of Cogeco Inc. (TSE:CGO) shares but public companies control 38% of the companyMarch 1, 2023 | finance.yahoo.comCogeco Unveils Its Annual ESG and Sustainability Report for Sustainable and Inclusive GrowthFebruary 9, 2023 | finance.yahoo.comCogeco (TSE:CGO) shareholders have endured a 30% loss from investing in the stock three years agoJanuary 19, 2023 | finance.yahoo.comCogeco and its employees give back to the community: nearly half a million dollars raised during the 2022 United Way / Centraide campaign in CanadaJanuary 14, 2023 | finance.yahoo.comCogeco First Quarter 2023 Earnings: EPS: CA$2.68 (vs CA$2.42 in 1Q 2022)January 13, 2023 | msn.comCogeco Communications reports Q1 profit and revenue up, trims guidance for full yearJanuary 12, 2023 | finance.yahoo.comCogeco Releases its Financial Results for the First Quarter of Fiscal 2023January 12, 2023 | fool.caTSX Today: What to Watch for in Stocks on Thursday, January 12January 9, 2023 | msn.comCanadian Markets Calendar: What to Watch this WeekJanuary 2, 2023 | finance.yahoo.comCPT Global Limited (CGO.AX)December 1, 2022 | finance.yahoo.comCogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their Financial Results for the First Quarter of Fiscal 2023 and Related Conference CallNovember 5, 2022 | finance.yahoo.comWhy You Might Be Interested In Cogeco Inc. (TSE:CGO) For Its Upcoming DividendOctober 27, 2022 | finance.yahoo.comCogeco Releases its Financial Results for the Fourth Quarter of Fiscal 2022October 26, 2022 | msn.comFeds, Ontario to spend $56M for high-speed internet to 16,000 rural homes in eastern OntarioSee More Headlines CGO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CGO Company Calendar Last Earnings4/13/2023Today6/09/2023Next Earnings (Estimated)7/12/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Telecom Services Sub-IndustryN/A SectorBusiness Services Current SymbolTSE:CGO CUSIPN/A CIKN/A Webcorpo.cogeco.com Phone+1-514-7644700FaxN/AEmployees4,400Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$84.50 High Stock Price ForecastC$105.00 Low Stock Price ForecastC$64.00 Forecasted Upside/Downside+53.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)C$9.59 Trailing P/E Ratio5.75 Forward P/E Ratio6.18 P/E Growth-0.28Net IncomeC$149.80 million Net Margins4.91% Pretax MarginN/A Return on Equity13.81% Return on Assets5.25% Debt Debt-to-Equity Ratio148.82 Current Ratio0.72 Quick Ratio0.51 Sales & Book Value Annual SalesC$3.05 billion Price / Sales0.25 Cash FlowC$22.13 per share Price / Cash Flow2.49 Book ValueC$61.88 per share Price / Book0.89Miscellaneous Outstanding Shares14,020,000Free FloatN/AMarket CapC$773.76 million OptionableNot Optionable Beta0.27 Key ExecutivesMr. Philippe Jette Eng. (Age 59)P.Eng, Pres, CEO & Director Comp: $2.37MMr. Patrice Ouimet B.Com.C.A., CA, CPA, FCPA, Sr. VP & CFOMr. Christian Jolivet L.L.B.L.L.M., LLB, LLM, Sr. VP of Corp. Affairs & Chief Legal OfficerMr. Frederic Perron B.Com.Pres of Cogeco ConnexionMr. Frank H. M. van der Post B.S. (Age 62)M.S., Pres of Atlantic Broadband Comp: $1.51MDr. Zouheir Mansourati M.Sc.Ph.D., Sr. VP & CTOFatiha MoussadakDirector of Investor RelationsMs. Marie-Helene Labrie M.Sc.Sr. VP and Chief Public Affairs, Communications & Strategy OfficerMr. Francois-Philippe Lessard C.F.A.VP of Corp. Devel.Ms. Linda GillespieSr. VP & Chief HR OfficerMore ExecutivesKey CompetitorsCogeco CommunicationsTSE:CCAQuebecorTSE:QBR.ANew Look Vision GroupTSE:BCIPollard BanknoteTSE:PBLCineplexTSE:CGXView All Competitors CGO Stock - Frequently Asked Questions Should I buy or sell Cogeco stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogeco in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CGO shares. View CGO analyst ratings or view top-rated stocks. What is Cogeco's stock price forecast for 2023? 2 analysts have issued 1-year price targets for Cogeco's shares. Their CGO share price forecasts range from C$64.00 to C$105.00. On average, they expect the company's share price to reach C$84.50 in the next year. This suggests a possible upside of 53.1% from the stock's current price. View analysts price targets for CGO or view top-rated stocks among Wall Street analysts. How have CGO shares performed in 2023? Cogeco's stock was trading at C$63.57 on January 1st, 2023. Since then, CGO shares have decreased by 13.2% and is now trading at C$55.19. View the best growth stocks for 2023 here. When is Cogeco's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023. View our CGO earnings forecast. How were Cogeco's earnings last quarter? Cogeco Inc. (TSE:CGO) released its quarterly earnings results on Thursday, April, 13th. The company reported $2.15 earnings per share (EPS) for the quarter. The business earned $757.19 million during the quarter. Cogeco had a net margin of 4.91% and a trailing twelve-month return on equity of 13.81%. How often does Cogeco pay dividends? What is the dividend yield for Cogeco? Cogeco declared a quarterly dividend on Friday, January 13th. Investors of record on Thursday, January 26th will be paid a dividend of 0.731 per share on Thursday, February 9th. This represents a $2.92 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Wednesday, January 25th. This is a positive change from the stock's previous quarterly dividend of C$0.63. Read our dividend analysis for CGO. Is Cogeco a good dividend stock? Cogeco (TSE:CGO) pays an annual dividend of C$2.92 per share and currently has a dividend yield of 5.37%. CGO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.45%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CGO. What other stocks do shareholders of Cogeco own? Based on aggregate information from My MarketBeat watchlists, some companies that other Cogeco investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX). What is Cogeco's stock symbol? Cogeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CGO." How do I buy shares of Cogeco? Shares of CGO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What is Cogeco's stock price today? One share of CGO stock can currently be purchased for approximately C$55.19. How much money does Cogeco make? Cogeco (TSE:CGO) has a market capitalization of C$773.76 million and generates C$3.05 billion in revenue each year. The company earns C$149.80 million in net income (profit) each year or C$9.59 on an earnings per share basis. How many employees does Cogeco have? The company employs 4,400 workers across the globe. How can I contact Cogeco? Cogeco's mailing address is 1700-5 Ville-Marie Pl, MONTREAL, QC H3B 0B3, Canada. The official website for the company is corpo.cogeco.com. The company can be reached via phone at +1-514-7644700. This page (TSE:CGO) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cogeco Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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