Cogeco (TSE:CGO) had its price objective decreased by TD Securities from C$97.00 to C$96.00 in a research report sent to investors on Friday morning.
Separately, CIBC downgraded shares of Cogeco from an outperform rating to a neutral rating in a research note on Monday, January 8th.
Cogeco (TSE:CGO) opened at C$81.90 on Friday. Cogeco has a one year low of C$57.57 and a one year high of C$96.87. The firm has a market cap of $1,200.00, a P/E ratio of 12.58 and a beta of 0.92.
In other news, Director James Charles Cherry purchased 400 shares of Cogeco stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of C$83.35 per share, with a total value of C$33,340.00. Also, insider Diane Nyisztor sold 713 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$86.93, for a total transaction of C$61,981.09. Insiders have sold 1,412 shares of company stock valued at $125,948 in the last ninety days.
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Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.
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