Cogeco Inc. (TSE:CGO – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$62.58 and last traded at C$62.11, with a volume of 6390 shares changing hands. The stock had previously closed at C$61.59.
Analysts Set New Price Targets
CGO has been the subject of a number of recent research reports. TD Securities increased their target price on shares of Cogeco from C$94.00 to C$99.00 and gave the company a “buy” rating in a research report on Monday, July 15th. CIBC increased their target price on shares of Cogeco from C$58.00 to C$59.00 and gave the company a “neutral” rating in a research report on Monday, July 15th.
View Our Latest Research Report on Cogeco
Cogeco Trading Up 1.8 %
Cogeco Company Profile
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.
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