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TSE:CGO

Cogeco (CGO) Stock Forecast, Price & News

C$55.15
-0.19 (-0.34%)
(As of 02:01 PM ET)
Compare
Today's Range
C$54.73
▼
C$55.87
50-Day Range
C$53.05
▼
C$62.47
52-Week Range
C$52.06
▼
C$73.81
Volume
8,050 shs
Average Volume
37,055 shs
Market Capitalization
C$773.20 million
P/E Ratio
5.75
Dividend Yield
5.29%
Price Target
C$84.50
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media

Cogeco MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
52.9% Upside
C$84.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

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

See Top Rated MarketRank™ Stocks Here

CGO stock logo

About Cogeco (TSE:CGO) Stock

Cogeco 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.

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CGO Stock News Headlines

May 4, 2023 | finance.yahoo.com
Cogeco Inc. (CGO.TO)
April 22, 2023 | msn.com
CIBC CAPITAL MARKETS Downgrades Cogeco (TSX:CGO)
June 9, 2023 | Edge On The Street (Ad)
Graphite versus Lithium - What Investors Should Know
Over 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.com
TD SECURITIES Maintains Cogeco (TSX:CGO) Buy Recommendation
April 21, 2023 | theglobeandmail.com
Closing Bell: Cogeco Inc Sv up on Friday (CGO)
April 20, 2023 | americanbankingnews.com
TD Securities Cuts Cogeco (TSE:CGO) Price Target to C$105.00
April 16, 2023 | americanbankingnews.com
Cogeco (TSE:CGO) Price Target Lowered to C$64.00 at CIBC
April 14, 2023 | theglobeandmail.com
Closing Bell: Cogeco Inc Sv down on Friday (CGO)
June 9, 2023 | Edge On The Street (Ad)
Graphite versus Lithium - What Investors Should Know
Over 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.com
Rating agencies push Rogers to sell Cogeco stake
April 11, 2023 | americanbankingnews.com
Cogeco (CGO) to Release Quarterly Earnings on Thursday
March 22, 2023 | finance.yahoo.com
Did Cogeco Inc. (TSE:CGO) Use Debt To Deliver Its ROE Of 14%?
March 20, 2023 | finance.yahoo.com
Cogeco and Cogeco Communications Schedule the Release of Their Financial Results for the Second Quarter of Fiscal 2023 and Related Conference Call
March 1, 2023 | finance.yahoo.com
Individual investors own 34% of Cogeco Inc. (TSE:CGO) shares but public companies control 38% of the company
March 1, 2023 | finance.yahoo.com
Cogeco Unveils Its Annual ESG and Sustainability Report for Sustainable and Inclusive Growth
February 9, 2023 | finance.yahoo.com
Cogeco (TSE:CGO) shareholders have endured a 30% loss from investing in the stock three years ago
January 19, 2023 | finance.yahoo.com
Cogeco and its employees give back to the community: nearly half a million dollars raised during the 2022 United Way / Centraide campaign in Canada
January 14, 2023 | finance.yahoo.com
Cogeco First Quarter 2023 Earnings: EPS: CA$2.68 (vs CA$2.42 in 1Q 2022)
January 13, 2023 | msn.com
Cogeco Communications reports Q1 profit and revenue up, trims guidance for full year
January 12, 2023 | finance.yahoo.com
Cogeco Releases its Financial Results for the First Quarter of Fiscal 2023
January 12, 2023 | fool.ca
TSX Today: What to Watch for in Stocks on Thursday, January 12
January 9, 2023 | msn.com
Canadian Markets Calendar: What to Watch this Week
January 2, 2023 | finance.yahoo.com
CPT Global Limited (CGO.AX)
December 1, 2022 | finance.yahoo.com
Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their Financial Results for the First Quarter of Fiscal 2023 and Related Conference Call
November 5, 2022 | finance.yahoo.com
Why You Might Be Interested In Cogeco Inc. (TSE:CGO) For Its Upcoming Dividend
October 27, 2022 | finance.yahoo.com
Cogeco Releases its Financial Results for the Fourth Quarter of Fiscal 2022
October 26, 2022 | msn.com
Feds, Ontario to spend $56M for high-speed internet to 16,000 rural homes in eastern Ontario
See More Headlines

CGO Price History

CGO Company Calendar

Last Earnings
4/13/2023
Today
6/09/2023
Next Earnings (Estimated)
7/12/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Telecom Services
Sub-Industry
N/A
Sector
Business Services
Current Symbol
TSE:CGO
CUSIP
N/A
CIK
N/A
Web
corpo.cogeco.com
Phone
+1-514-7644700
Fax
N/A
Employees
4,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$84.50
High Stock Price Forecast
C$105.00
Low Stock Price Forecast
C$64.00
Forecasted Upside/Downside
+53.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$9.59
Trailing P/E Ratio
5.75
Forward P/E Ratio
6.18
P/E Growth
-0.28
Net Income
C$149.80 million
Net Margins
4.91%
Pretax Margin
N/A
Return on Equity
13.81%
Return on Assets
5.25%

Debt

Debt-to-Equity Ratio
148.82
Current Ratio
0.72
Quick Ratio
0.51

Sales & Book Value

Annual Sales
C$3.05 billion
Price / Sales
0.25
Cash Flow
C$22.13 per share
Price / Cash Flow
2.49
Book Value
C$61.88 per share
Price / Book
0.89

Miscellaneous

Outstanding Shares
14,020,000
Free Float
N/A
Market Cap
C$773.76 million
Optionable
Not Optionable
Beta
0.27

Key Executives

  • Mr. Philippe Jette Eng. (Age 59)
    P.Eng, Pres, CEO & Director
    Comp: $2.37M
  • Mr. Patrice Ouimet B.Com.
    C.A., CA, CPA, FCPA, Sr. VP & CFO
  • Mr. Christian Jolivet L.L.B.
    L.L.M., LLB, LLM, Sr. VP of Corp. Affairs & Chief Legal Officer
  • Mr. Frederic Perron B.Com.
    Pres of Cogeco Connexion
  • Mr. Frank H. M. van der Post B.S. (Age 62)
    M.S., Pres of Atlantic Broadband
    Comp: $1.51M
  • Dr. Zouheir Mansourati M.Sc.
    Ph.D., Sr. VP & CTO
  • Fatiha Moussadak
    Director of Investor Relations
  • Ms. Marie-Helene Labrie M.Sc.
    Sr. VP and Chief Public Affairs, Communications & Strategy Officer
  • Mr. Francois-Philippe Lessard C.F.A.
    VP of Corp. Devel.
  • Ms. Linda Gillespie
    Sr. VP & Chief HR Officer

Key Competitors

View 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

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