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?

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) .

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 .

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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

3.3

Analyst's Opinion

Consensus Rating
Cogeco has received a consensus rating of Moderate 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/Downside
According to analysts' consensus price target of C$79.00, Cogeco has a forecasted upside of 69.5% from its current price of C$46.60.
Amount of Analyst Coverage
Cogeco has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CGO.

1.7

Dividend Strength

Dividend Leadership
Cogeco is a leading dividend payer. It pays a dividend yield of 7.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cogeco does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cogeco is 75.83%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CGO.

2.4

News and Social Media Coverage

News Sentiment
Cogeco has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Communication Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Cogeco this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for CGO on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
2 people have added Cogeco to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cogeco insiders have not sold or bought any company stock.
Percentage Held by Insiders
43.80% 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 Institutions
Only 21.64% of the stock of Cogeco is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cogeco is 10.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cogeco is 10.33, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 366.24.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Cogeco, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Cogeco has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CGO Stock News Headlines

November 28, 2023 | morningstar.com

Cogeco Inc Shs Subord.voting CGO

November 22, 2023 | americanbankingnews.com

Cogeco (TSE:CGO) Shares Pass Below 200 Day Moving Average of $50.92

November 30, 2023 | Tomorrow Investor (Ad)

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.

November 15, 2023 | theglobeandmail.com

Cogeco: Top 10 Undervalued Communication Services Sector Stocks on TSX (CGO)

November 9, 2023 | finance.yahoo.com

Read This Before Considering Cogeco Inc. (TSE:CGO) For Its Upcoming CA$0.85 Dividend

November 1, 2023 | finance.yahoo.com

Cogeco Releases its Financial Results for the Fourth Quarter of Fiscal 2023

October 12, 2023 | finance.yahoo.com

Did Cogeco Inc. (TSE:CGO) Use Debt To Deliver Its ROE Of 11%?

September 28, 2023 | finance.yahoo.com

Cogeco and Cogeco Communications Schedule the Release of Their Financial Results for the Fourth Quarter of Fiscal 2023 and Related Conference Call

November 30, 2023 | Tomorrow Investor (Ad)

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.

August 30, 2023 | finance.yahoo.com

Calculating The Intrinsic Value Of Cogeco Inc. (TSE:CGO)

August 23, 2023 | msn.com

3 Magnificent Stocks to Buy That Are Near 52-Week Lows

August 10, 2023 | finance.yahoo.com

Individual investors own 34% of Cogeco Inc. (TSE:CGO) shares but public companies control 39% of the company

July 22, 2023 | theglobeandmail.com

Cogeco: Stocks Undervalued by Analyst Consensus on TSX (CGO)

July 21, 2023 | finance.yahoo.com

Read This Before Considering Cogeco Inc. (TSE:CGO) For Its Upcoming CA$0.73 Dividend

July 19, 2023 | finance.yahoo.com

Investors in Cogeco (TSE:CGO) have unfortunately lost 30% over the last three years

July 13, 2023 | finance.yahoo.com

Cogeco Releases its Financial Results for the Third Quarter of Fiscal 2023

July 5, 2023 | markets.businessinsider.com

TSX Snaps Six-session Winning Streak, Ends Moderately Lower

May 4, 2023 | finance.yahoo.com

Cogeco Inc. (CGO.TO)

April 22, 2023 | msn.com

TD SECURITIES Maintains Cogeco (TSX:CGO) Buy Recommendation

April 22, 2023 | msn.com

CIBC CAPITAL MARKETS Downgrades Cogeco (TSX:CGO)

April 21, 2023 | theglobeandmail.com

Closing Bell: Cogeco Inc Sv up on Friday (CGO)

April 14, 2023 | theglobeandmail.com

Closing Bell: Cogeco Inc Sv down on Friday (CGO)

April 12, 2023 | theglobeandmail.com

Rating agencies push Rogers to sell Cogeco stake

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

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Telecom Services
Sub-Industry: N/A
Sector: Communication 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 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

EPS (Most Recent Fiscal Year): C$4.51
Trailing P/E Ratio: 10.31
Forward P/E Ratio: 5.54
P/E Growth: -0.28
Net Income: C$70.63 million
Net Margins: 2.29%
Pretax Margin: N/A
Return on Equity: 10.44%
Return on Assets: 5.22%

Debt

Debt-to-Equity Ratio: 148.48
Current Ratio: 1.10
Quick Ratio: 0.51

Sales & Book Value

Annual Sales: C$3.08 billion
Price / Sales: 0.21
Cash Flow: C$18.64 per share
Price / Cash Flow: 2.49
Book Value: C$59.70 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 14,010,000
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

Key Competitors

View All Competitors

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

Cogeco MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cogeco Stock (TSE:CGO)

CGO Stock Price History

CGO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CGO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™