Cogeco (TSE:CGO) Price Target Cut to C$67.00 by Analysts at CIBC

Cogeco (TSE:CGO) had its price objective cut by CIBC from C$69.00 to C$67.00 in a report released on Monday morning,BayStreet.CA reports.

Separately, TD Securities lifted their price objective on shares of Cogeco from C$99.00 to C$104.00 in a research report on Monday.

Cogeco Stock Down 0.1 %

Shares of CGO opened at C$61.49 on Monday. The business’s 50 day moving average is C$58.45 and its 200 day moving average is C$54.19. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 151.56. Cogeco has a 12-month low of C$44.62 and a 12-month high of C$62.88. The company has a market capitalization of C$486.39 million, a PE ratio of 7.33, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34.

Cogeco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, November 14th will be issued a $0.922 dividend. This represents a $3.69 annualized dividend and a dividend yield of 6.00%. This is a boost from Cogeco’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, November 14th. Cogeco’s payout ratio is 40.76%.

About Cogeco

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.