Cogeco (TSE:CGO) Price Target Raised to C$104.00 at TD Securities

Cogeco (TSE:CGO) had its price target boosted by TD Securities from C$99.00 to C$104.00 in a report released on Monday,BayStreet.CA reports.

Separately, CIBC upped their target price on shares of Cogeco from C$58.00 to C$59.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th.

Cogeco Trading Down 0.1 %

Shares of Cogeco stock opened at C$61.49 on Monday. The company has a debt-to-equity ratio of 151.56, a current ratio of 0.44 and a quick ratio of 0.51. Cogeco has a 1 year low of C$44.62 and a 1 year high of C$62.88. The firm has a market cap of C$486.39 million, a PE ratio of 7.33, a PEG ratio of -0.28 and a beta of 0.34. The company has a 50 day simple moving average of C$58.45 and a two-hundred day simple moving average of C$54.19.

Cogeco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.922 per share. This is a boost from Cogeco’s previous quarterly dividend of $0.85. This represents a $3.69 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Thursday, November 14th. Cogeco’s dividend payout ratio (DPR) is presently 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.