Royal Bank of Canada Raises Cogeco (CGO) Price Target to C$82.00

Cogeco (TSE:CGO) had its price target boosted by Royal Bank of Canada from C$81.00 to C$82.00 in a research report sent to investors on Wednesday.

Several other research firms also recently weighed in on CGO. TD Securities upped their price objective on shares of Cogeco from C$98.00 to C$99.00 in a report on Friday, November 2nd. Barclays upped their price objective on shares of Cogeco from C$70.00 to C$72.00 in a report on Friday, November 2nd.

Cogeco stock opened at C$65.42 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 163.80. Cogeco has a 12-month low of C$54.93 and a 12-month high of C$85.32.

Cogeco (TSE:CGO) last released its quarterly earnings data on Wednesday, October 31st. The company reported C$1.60 earnings per share for the quarter. The business had revenue of C$659.95 million for the quarter. On average, equities analysts forecast that Cogeco will post 5.46999919698874 earnings per share for the current year.

Cogeco Company Profile

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.

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