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CGC   3.82 (+15.76%)
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TSE:CGO

Cogeco - CGO Stock Forecast, Price & News

C$71.20
+0.31 (+0.44%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
C$70.37
C$71.50
50-Day Range
C$65.56
C$73.55
52-Week Range
C$64.46
C$93.99
Volume
5,699 shs
Average Volume
16,542 shs
Market Capitalization
C$1.12 billion
P/E Ratio
7.79
Dividend Yield
3.53%
Price Target
C$102.00
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.

Wall Street Analysts Forecast Growth

CGO has been the topic of several recent analyst reports. CIBC reduced their price target on shares of Cogeco from C$106.00 to C$84.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 29th. TD Securities cut their target price on shares of Cogeco from C$135.00 to C$120.00 and set a "buy" rating on the stock in a research report on Monday, May 2nd.

Cogeco Stock Up 0.4 %

TSE:CGO traded up C$0.31 during trading on Monday, reaching C$71.20. 5,699 shares of the company's stock traded hands, compared to its average volume of 16,542. The company has a debt-to-equity ratio of 146.86, a current ratio of 0.58 and a quick ratio of 0.54. The firm has a market cap of C$1.12 billion and a price-to-earnings ratio of 7.79. The company's 50 day simple moving average is C$69.43 and its two-hundred day simple moving average is C$74.79. Cogeco has a 12-month low of C$64.46 and a 12-month high of C$93.99.

Cogeco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 27th were given a dividend of $0.625 per share. This is an increase from Cogeco's previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, July 26th. This represents a $2.50 dividend on an annualized basis and a yield of 3.51%. Cogeco's dividend payout ratio (DPR) is 26.48%.

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CGO Stock News Headlines

Stocks in play: Cogeco Inc
TSX Midday Stock Market Movers, Thursday June 2
TSX Midday Stock Market Movers, Thursday April 14
Cogeco Announces the Launch of a Normal Course Issuer Bid
3 Super Value Stocks to Buy Today
See More Headlines
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CGO Company Calendar

Ex-Dividend for 8/10 Dividend
7/26/2022
Dividend Payable
8/10/2022
Today
8/15/2022
Next Earnings (Estimated)
11/10/2022

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 Forecast
C$102.00
High Stock Price Forecast
C$120.00
Low Stock Price Forecast
C$84.00
Forecasted Upside/Downside
+43.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.90 billion
Cash Flow
C$24.24 per share
Book Value
C$56.45 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.12 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Philippe Jette Eng. (Age 57)
    P.Eng, Pres, CEO & Director
    Comp: $2.18M
  • Mr. Patrice Ouimet B.Com.
    C.A., CA, CPA, FCPA, Sr. VP & CFO
  • Mr. Frederic Perron B.Com.
    Pres of Cogeco Connexion
  • Mr. Frank H. M. van der Post B.S. (Age 61)
    M.S., Pres of Atlantic Broadband
    Comp: $1.38M
  • Dr. Zouheir Mansourati M.Sc.
    Ph.D., Sr. VP & CTO
  • Mr. Christian Jolivet L.L.B.
    L.L.M., LLB, LLM, Sr. VP of Corp. Affairs, Chief Legal Officer & Sec.
  • Ms. Marie-Helene Labrie M.Sc.
    Sr. VP and Chief Public Affairs, Communications & Strategy Officer
  • Mr. Francois-Philippe Lessard C.A.
    CPA, VP of Corp. Devel.
  • Ms. Linda Gillespie
    Sr. VP & Chief HR Officer
  • Ms. Elizabeth Alves C.A.
    CPA, CFE, CIA, VP of Enterprise Strategy & Sustainability













CGO Stock - Frequently Asked Questions

Should I buy or sell Cogeco stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogeco in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 2022?

2 Wall Street analysts have issued 12 month price objectives for Cogeco's shares. Their CGO share price forecasts range from C$84.00 to C$120.00. On average, they predict the company's share price to reach C$102.00 in the next twelve months. This suggests a possible upside of 43.3% 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 2022?

Cogeco's stock was trading at C$81.23 at the start of the year. Since then, CGO stock has decreased by 12.3% and is now trading at C$71.20.
View the best growth stocks for 2022 here
.

When is Cogeco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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, July 14th. Stockholders of record on Wednesday, July 27th will be given a dividend of 0.625 per share on Wednesday, August 10th. This represents a $2.50 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, July 26th. This is an increase from the stock's previous quarterly dividend of C$0.55.
Read our dividend analysis for CGO
.

Is Cogeco a good dividend stock?

Cogeco (TSE:CGO) pays an annual dividend of C$2.42 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 26.48%. 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?
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$71.20.

How much money does Cogeco make?

Cogeco (TSE:CGO) has a market capitalization of C$1.12 billion and generates C$2.90 billion in revenue each year.

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 8/15/2022 by MarketBeat.com Staff

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