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Cogeco Stock Price, News & Analysis (TSE:CGO)

C$46.71
+0.31 (+0.67%)
(As of 03:36 PM ET)
Compare
Today's Range
C$46.43
C$46.84
50-Day Range
C$44.95
C$50.41
52-Week Range
C$44.62
C$68.47
Volume
10,541 shs
Average Volume
27,760 shs
Market Capitalization
C$654.41 million
P/E Ratio
10.36
Dividend Yield
7.32%
Price Target
C$79.00

Cogeco MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
69.5% Upside
C$79.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
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.

2.41 out of 5 stars


CGO stock logo

About Cogeco Stock (TSE:CGO)

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. The company also provides advanced network connectivity services, such as dedicated fibre, session initiation protocol, primary rate interface, trunking solutions, and hosted private branch exchange solutions, as well as managed business Wi-Fi. In addition, it owns and operates 21 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, including Internet, video, and telephony service customers. The company was incorporated in 1957 and is headquartered in Montreal, Canada. Cogeco Inc. is a subsidiary of Gestion Audem Inc.

CGO Stock Price History

CGO Stock News Headlines

Cogeco Inc Shs Subord.voting CGO
Cogeco (TSE:CGO) Shares Pass Below 200 Day Moving Average of $50.92
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
TSX Snaps Six-session Winning Streak, Ends Moderately Lower
Cogeco Inc. (CGO.TO)
Closing Bell: Cogeco Inc Sv up on Friday (CGO)
Closing Bell: Cogeco Inc Sv down on Friday (CGO)
Rating agencies push Rogers to sell Cogeco stake
See More Headlines
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Company Calendar

Ex-Dividend for 11/29 Dividend
11/14/2023
Dividend Payable
11/29/2023
Today
11/30/2023
Next Earnings (Estimated)
1/11/2024

Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
4,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$79.00
High Stock Price Target
C$105.00
Low Stock Price Target
C$53.00
Potential Upside/Downside
+69.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$70.63 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.08 billion
Cash Flow
C$18.64 per share
Book Value
C$59.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$651.32 million
Optionable
Not Optionable
Beta
0.35
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Key Executives

  • Mr. Philippe Jette Eng. (Age 58)
    P.Eng, President, CEO & Director
    Comp: $2.37M
  • Mr. Patrice Ouimet B.Com.
    C.A., CPA, FCPA, Senior VP & CFO
  • Mr. Frederic Perron B.Com.
    President of Cogeco Connexion
  • Mr. Frank H. M. van der Post B.S. (Age 62)
    M.S., President of Breezeline
    Comp: $1.51M
  • Mr. Tim Dinesen
    Senior VP & CTO
  • Troy Crandall
    Head of Investor Relations
  • Ms. Valery Zamuner CA (Age 48)
    CFA, ICD.D, LLB, M.B.A., Senior VP and Chief Corporate Affairs & Legal Officer
  • Ms. Marie-Helene Labrie M.Sc.
    Senior VP and Chief Public Affairs, Communications & Strategy Officer
  • Mr. Francois-Philippe Lessard C.F.A.
    Vice President of Corporate Development
  • Ms. Linda Gillespie
    Senior VP & Chief Human Resources Officer














CGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Cogeco stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogeco in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CGO shares.
View CGO analyst ratings
or view top-rated stocks.

What is Cogeco's stock price target for 2024?

2 analysts have issued 1-year price targets for Cogeco's stock. Their CGO share price targets range from C$53.00 to C$105.00. On average, they predict the company's stock price to reach C$79.00 in the next twelve months. This suggests a possible upside of 69.5% 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 at the beginning of the year. Since then, CGO shares have decreased by 26.7% and is now trading at C$46.60.
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 Thursday, January 11th 2024.
View our CGO earnings forecast
.

How often does Cogeco pay dividends? What is the dividend yield for Cogeco?

Cogeco announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.854 per share on Wednesday, November 29th. This represents a $3.42 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from the stock's previous quarterly dividend of C$0.73.
Read our dividend analysis for CGO
.

Is Cogeco a good dividend stock?

Cogeco (TSE:CGO) pays an annual dividend of C$3.42 per share and currently has a dividend yield of 7.30%. CGO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.83%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CGO.

What other stocks do shareholders of Cogeco own?
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.

This page (TSE:CGO) was last updated on 11/30/2023 by MarketBeat.com Staff

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