TSE:CGO

Cogeco - CGO Stock Forecast, Price & News

C$70.24

+1.22 (+1.77%)

(As of 08/11/2022 12:00 AM ET)

Add

Compare

Today's Range: C$69.66
▼
C$71.03
50-Day Range: C$65.56
▼
C$74.24
52-Week Range: C$64.46
▼
C$93.99

Volume: 8,246 shs
Average Volume: 16,706 shs
Market Capitalization: C$1.11 billion

P/E Ratio: 7.68
Dividend Yield: 3.62%
Price Target: C$102.00

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.

Cogeco Stock Performance

CGO Stock traded up C$1.67 during mid-day trading on Thursday, reaching C$70.69. The company had a trading volume of 5,218 shares, compared to its average volume of 16,684. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 146.86. The stock has a market capitalization of C$1.12 billion and a P/E ratio of 7.55. Cogeco has a one year low of C$64.46 and a one year high of C$93.99. The stock's 50-day simple moving average is C$69.66 and its two-hundred day simple moving average is C$74.98.

Cogeco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 27th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.54%. This is a positive change from Cogeco's previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, July 26th. Cogeco's dividend payout ratio (DPR) is 26.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CGO shares. CIBC cut their target price on 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 Cogeco from C$135.00 to C$120.00 and set a "buy" rating on the stock in a research note on Monday, May 2nd.

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.

CGO Stock News Headlines

July 17, 2022 | americanbankingnews.com

Cogeco (TSE:CGO) Reaches New 52-Week Low at $66.46

July 15, 2022 | seekingalpha.com

Cogeco GAAP EPS of C$2.37, revenue of C$754.8M; reaffirms FY23 guidance

July 13, 2022 | finance.yahoo.com

Cogeco Releases its Financial Results for the Third Quarter of Fiscal 2022

July 13, 2022 | nasdaq.com

Canadian Market Plunges After Sharp Rate Hike, But Recovers Well To Trim Losses

June 21, 2022 | finance.yahoo.com

Louis Audet named Officer of the Ordre national du Québec for 2021

June 3, 2022 | ca.finance.yahoo.com

Stocks in play: Cogeco Inc

June 2, 2022 | ca.investing.com

TSX Midday Stock Market Movers, Thursday June 2

April 14, 2022 | ca.investing.com

TSX Midday Stock Market Movers, Thursday April 14

April 14, 2022 | theglobeandmail.com

Cogeco’s second-quarter profit rises 7.8% to $118.8-million on revenue boost

April 13, 2022 | ca.finance.yahoo.com

Cogeco Q2 profit increases 7.8 per cent to $118.8 million on revenue boost

April 13, 2022 | finance.yahoo.com

Cogeco Releases its Financial Results for the Second Quarter of Fiscal 2022

March 1, 2022 | finance.yahoo.com

Cogeco Unveils Its New ESG and Sustainability Report for Sustainable and Inclusive Growth

January 25, 2022 | finance.yahoo.com

Cogeco Announces the Appointment of Linda Gillespie as Senior Vice President and Chief Human Resources Officer

January 20, 2022 | finance.yahoo.com

Cogeco and Its Employees Give Near Half A Million Dollars Back to the Community as Part of the 2021 United Way/Centraide Campaign

January 19, 2022 | ca.finance.yahoo.com

For a Third Consecutive Year, Cogeco Ranks Among the World's 100 Most Sustainable Corporations According to Corporate Knights

January 14, 2022 | finance.yahoo.com

Cogeco Inc. Announces Voting Results on the Election of Directors Held During its Annual And Special Shareholders' Meeting

January 13, 2022 | msn.com

Cogeco Communications Q1 profit flat despite revenue boost from U.S., Cdn operations

January 13, 2022 | finance.yahoo.com

Cogeco Releases its Financial Results for the First Quarter of Fiscal 2022

January 13, 2022 | finance.yahoo.com

Cogeco Announces the Launch of a Normal Course Issuer Bid

December 7, 2021 | finance.yahoo.com

Cogeco Unveils Its Climate Action Plan and Receives a Prestigious 'A' Rating From CDP for Its Environmental Transparency

November 12, 2021 | finance.yahoo.com

Cogeco Releases its Financial Results for the Fourth Quarter of Fiscal 2021

November 3, 2021 | finance.yahoo.com

Cogeco receives HRH The Prince of Wales' Terra Carta Seal in recognition of its commitment to creating a sustainable future

September 25, 2021 | finance.yahoo.com

Cogeco Employees Hold a Community Involvement Day in 46 Communities Across Canada and the U.S. in Support of the Environment

September 20, 2021 | finance.yahoo.com

Cogeco and Cogeco Communications Schedule the Release of their Financial Results for the Fourth Quarter of Fiscal 2021 and Related Conference Call

September 15, 2021 | ca.finance.yahoo.com

3 Super Value Stocks to Buy Today

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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.

CGO Company Calendar

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

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$102.00
High Stock Price Forecast: C$120.00
Low Stock Price Forecast: C$84.00
Forecasted Upside/Downside: +45.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 7.68
Forward P/E Ratio: 7.39
P/E Growth: -0.35
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 146.86
Current Ratio: 0.58
Quick Ratio: 0.54

Sales & Book Value

Annual Sales: C$2.90 billion
Price / Sales: 0.38
Cash Flow: C$25.04 per share
Price / Cash Flow: 2.81
Book Value: C$56.45 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 15,797,000
Free Float: N/A
Market Cap: C$1.11 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

Key Competitors

View All Competitors

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 twelve months. 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 1-year price objectives for Cogeco's stock. Their CGO share price forecasts range from C$84.00 to C$120.00. On average, they anticipate the company's share price to reach C$102.00 in the next twelve months. This suggests a possible upside of 45.2% 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 on January 1st, 2022. Since then, CGO shares have decreased by 13.5% and is now trading at C$70.24.
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 declared a quarterly dividend on Thursday, July 14th. Investors 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 3.56%. The ex-dividend date is Tuesday, July 26th. This is a positive change 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 3.62%. 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?: 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), Wheaton Precious Metals (WPM), 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$70.24.
How much money does Cogeco make?: Cogeco (TSE:CGO) has a market capitalization of C$1.11 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 8/11/2022 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

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.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Cogeco - CGO Stock Forecast, Price & News

About Cogeco (TSE:CGO) Stock

Cogeco Stock Performance

Cogeco Increases Dividend

Wall Street Analyst Weigh In

CGO Stock News Headlines

CGO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CGO Stock - Frequently Asked Questions

Should I buy or sell Cogeco stock right now?

What is Cogeco's stock price forecast for 2022?

How have CGO shares performed in 2022?

When is Cogeco's next earnings date?

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

Is Cogeco a good dividend stock?

What other stocks do shareholders of Cogeco own?

What is Cogeco's stock symbol?

How do I buy shares of Cogeco?

What is Cogeco's stock price today?

How much money does Cogeco make?

How many employees does Cogeco have?

How can I contact Cogeco?

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources