Cogeco (TSE:CGO) Releases Quarterly Earnings Results

Cogeco (TSE:CGO) posted its quarterly earnings data on Wednesday. The company reported C$3.10 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$724.17 million during the quarter. Cogeco had a return on equity of 9.64% and a net margin of 2.86%.

Cogeco Trading Up 1.5%

Shares of Cogeco stock traded up C$0.96 on Wednesday, reaching C$63.57. The company had a trading volume of 14,627 shares, compared to its average volume of 23,313. The firm’s 50 day moving average price is C$63.43 and its two-hundred day moving average price is C$66.69. The company has a debt-to-equity ratio of 531.92, a quick ratio of 0.51 and a current ratio of 0.50. Cogeco has a 52-week low of C$55.19 and a 52-week high of C$77.04. The firm has a market cap of C$602.01 million, a PE ratio of 7.28, a PEG ratio of -0.28 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CGO shares. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. TD raised shares of Cogeco from a “hold” rating to a “buy” rating and lowered their price target for the company from C$85.00 to C$81.00 in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$77.33.

Cogeco Company Profile

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.