Stating a potential upside of 0.38%, TD Securities upped the price target of Cogeco Inc. (TSE:CGO) to $81.00
On 11/15/2016, CIBC World Markets released a statement for Cogeco Inc. (TSE:CGO) bumped up the target price from $58.00 to $61.00 that suggested an upside of 0.18%.
Boasting a price of $58.81, Cogeco Inc. (TSE:CGO) traded 0.84% higher on the day. With the last stock price close up 10.15% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the date range. Cogeco Inc. has recorded a 50-day average of $55.78 and a two hundred day average of $52.28. Volume of trade was down over the average, with 1,585 shares of CGO changing hands under the typical 13,313
With a total market value of $0, Cogeco Inc. has 52 week low of $47.55 and a 52 week high of $57.82 .
In addition to TD Securities reporting its target price, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $48.12 with zero equity analysts rating the company a strong buy, two analysts rating the company a buy, one analyst rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the company a sell.
Brief Synopsis About Cogeco Inc. (TSE:CGO)
Cogeco Inc. is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company's subsidiary, Cogeco Communications Inc. (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Other segment consists of radio and out-of-home advertising, among others. Cogeco Communications operates in Canada as Cogeco Cable Canada GP Inc. in Quebec and Ontario, and in the United States as Atlantic Broadband LLC in western Pennsylvania, south Florida, Maryland/Delaware, South Carolina and eastern Connecticut. Through its subsidiary, Cogeco Media Acquisitions Inc. (Cogeco Media), the Company owns and operates radio stations across Quebec. Cogeco Media operates Cogeco News, which is a Quebec's news agency, feeding affiliates, independent and community radio stations.
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