Cogeco (TSE:CGO) Reaches New 52-Week Low at $67.23

Cogeco Inc. (TSE:CGOGet Rating)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$67.23 and last traded at C$67.59, with a volume of 11279 shares trading hands. The stock had previously closed at C$68.96.

CGO has been the subject of a number of research analyst reports. TD Securities decreased their price target on Cogeco from C$135.00 to C$120.00 and set a “buy” rating for the company in a research note on Monday, May 2nd. CIBC upgraded Cogeco from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$101.00 to C$106.00 in a research note on Friday, April 22nd.

The company has a market capitalization of C$1.08 billion and a PE ratio of 7.72. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 153.87. The business has a 50 day simple moving average of C$75.28 and a 200 day simple moving average of C$77.66.

Cogeco (TSE:CGOGet Rating) last announced its quarterly earnings data on Wednesday, April 13th. The company reported C$2.29 earnings per share (EPS) for the quarter. The firm had revenue of C$748.07 million during the quarter. Equities analysts expect that Cogeco Inc. will post 9.6899994 EPS for the current fiscal year.

About Cogeco (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, 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.

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