Could Cogeco Inc. See a Reversal After This Very Strong Session?

 Could Cogeco Inc. See a Reversal After This Very Strong Session?

The stock of Cogeco Inc. (TSE:CGO) is a huge mover today! About 16,942 shares traded hands. Cogeco Inc. (TSE:CGO) has declined 14.41% since March 30, 2016 and is downtrending. It has underperformed by 15.63% the S&P500.
The move comes after 8 months positive chart setup for the $727.20 million company. It was reported on Nov, 3 by Barchart.com. We have $66.68 PT which if reached, will make TSE:CGO worth $261.79M more.

Cogeco Inc. (TSE:CGO) Ratings Coverage

Out of 3 analysts covering Cogeco Inc. (TSE:CGO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $77 is the highest target while $54 is the lowest. The $64.50 average target is 31.55% above today’s ($49.03) stock price. Cogeco Inc. has been the topic of 5 analyst reports since January 14, 2016 according to StockzIntelligence Inc. As per Friday, July 8, the company rating was downgraded by RBC Capital Markets.

More notable recent Cogeco Inc. (TSE:CGO) news were published by: Business.Financialpost.com which released: “Cogeco Inc CEO Louis Audet says family ownership is good for businesses and Canada” on April 25, 2016, also Marketwired.com with their article: “Cogeco Inc. and Cogeco Communications Inc. Announce the Appointment of Luc …” published on August 22, 2016, Theglobeandmail.com published: “Cogeco Inc. reports higher third-quarter profit, revenue” on July 15, 2015. More interesting news about Cogeco Inc. (TSE:CGO) were released by: Marketwired.com and their article: “Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their …” published on March 10, 2016 as well as Marketwired.com‘s news article titled: “Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their …” with publication date: May 30, 2016.

Cogeco Inc. is a holding company, which operates in the communications and media sectors. The company has a market cap of $727.20 million. The Firm operates through two divisions: Communications and Other. It currently has negative earnings. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc. , provides its residential and business clients with video, Internet and telephony services through its two-way broadband fiber networks.

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