Cogeco (TSE:CGO) Releases Earnings Results

Cogeco (TSE:CGO) announced its quarterly earnings data on Thursday. The company reported C$2.33 earnings per share for the quarter, reports. Cogeco had a net margin of 2.06% and a return on equity of 9.44%. The business had revenue of C$751.91 million for the quarter.

Cogeco Stock Down 0.1 %

Shares of TSE CGO traded down C$0.06 during mid-day trading on Friday, reaching C$53.24. The company had a trading volume of 14,666 shares, compared to its average volume of 23,037. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 137.99. The firm has a 50 day simple moving average of C$57.15 and a two-hundred day simple moving average of C$53.86. The stock has a market cap of C$428.05 million, a P/E ratio of 13.15, a PEG ratio of -0.28 and a beta of 0.26. Cogeco has a 52-week low of C$44.62 and a 52-week high of C$62.49.

Analyst Upgrades and Downgrades

Separately, CIBC raised their price objective on shares of Cogeco from C$57.00 to C$58.00 and gave the company a “neutral” rating in a report on Tuesday, December 19th.

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.