Cogeco (CGO) Price Target Lowered to C$86.00 at CIBC

Cogeco (TSE:CGO) had its price target cut by equities researchers at CIBC from C$90.00 to C$86.00 in a report issued on Friday. CIBC’s price objective indicates a potential upside of 0.67% from the stock’s previous close.

Separately, TD Securities cut their price target on shares of Cogeco from C$97.00 to C$96.00 in a report on Friday.

Shares of Cogeco (TSE:CGO) traded down C$2.91 during trading hours on Friday, hitting C$85.43. 57,335 shares of the stock were exchanged, compared to its average volume of 28,217. The firm has a market capitalization of $1,310.00, a price-to-earnings ratio of 13.12 and a beta of 0.92. Cogeco has a 52 week low of C$56.55 and a 52 week high of C$96.87.

In related news, insider Christian Jolivet sold 500 shares of Cogeco stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$89.65, for a total transaction of C$44,825.00. Also, Director James Charles Cherry bought 400 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of C$83.35 per share, with a total value of C$33,340.00. In the last quarter, insiders have sold 1,412 shares of company stock worth $125,948.

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Cogeco Company Profile

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.

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