Cogeco (TSE:CGO – Free Report) had its price objective decreased by TD Securities from C$110.00 to C$106.00 in a research report released on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Separately, CIBC lifted their target price on shares of Cogeco from C$57.00 to C$58.00 and gave the company a neutral rating in a research report on Tuesday, December 19th.
Get Our Latest Stock Analysis on CGO
Cogeco Price Performance
Cogeco (TSE:CGO – Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a net margin of 2.06% and a return on equity of 9.44%. The company had revenue of C$751.91 million during the quarter. Equities analysts expect that Cogeco will post 10.1988848 EPS for the current year.
Cogeco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.854 per share. This represents a $3.42 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Wednesday, April 24th. Cogeco’s payout ratio is currently 84.44%.
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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