Cogeco (TSE:CGO) Rating Increased to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Cogeco (TSE:CGO) from a hold rating to a buy rating in a report published on Monday morning, BayStreet.CA reports. They currently have C$77.00 price objective on the stock, up from their previous price objective of C$65.00.

CGO has been the topic of a number of other reports. CIBC cut their price target on Cogeco from C$69.00 to C$67.00 in a report on Monday. TD Securities lifted their target price on Cogeco from C$99.00 to C$104.00 in a research note on Monday.

Cogeco Price Performance

TSE CGO opened at C$61.68 on Monday. The company has a market cap of C$487.89 million, a PE ratio of 7.35, a P/E/G ratio of -0.28 and a beta of 0.34. Cogeco has a 52-week low of C$44.62 and a 52-week high of C$62.88. The company has a debt-to-equity ratio of 151.56, a quick ratio of 0.51 and a current ratio of 0.44. The firm’s 50 day moving average price is C$58.04 and its 200-day moving average price is C$54.01.

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.