The stock of Cogeco Inc. (TSE:CGO) is a huge mover today! About 51,153 shares traded hands or 165.63% up from the average. Cogeco Inc. (TSE:CGO) has declined 7.70% since April 11, 2016 and is downtrending. It has underperformed by 11.63% the S&P500.
The move comes after 8 months positive chart setup for the $774.17M company. It was reported on Nov, 15 by Barchart.com. We have $76.20 PT which if reached, will make TSE:CGO worth $363.86 million 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. Cogeco Inc. has been the topic of 8 analyst reports since January 14, 2016 according to StockzIntelligence Inc. RBC Capital Markets downgraded the shares of CGO in a report on Friday, July 8 to “Sector Perform” rating.
More important recent Cogeco Inc. (TSE:CGO) news were published by: Business.Financialpost.com which released: “Cogeco Inc. upgraded as market value ‘doesn’t make much sense'” on November 15, 2016, also Business.Financialpost.com published article titled: “Cogeco Inc CEO Louis Audet says family ownership is good for businesses and Canada”, Marketwired.com published: “Cogeco Inc. and Cogeco Communications Inc. Announce the Appointment of Luc …” on August 22, 2016. More interesting news about Cogeco Inc. (TSE:CGO) was released by: Theglobeandmail.com and their article: “Cogeco Inc. reports higher third-quarter profit, revenue” with publication date: July 15, 2015.
Cogeco Inc. is a holding company, which operates in the communications and media sectors. The company has a market cap of $774.17 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.