Cogeco (TSE:CGO) Posts Earnings Results

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

Cogeco Price Performance

TSE CGO traded down C$0.06 during trading on Friday, hitting C$53.24. 14,666 shares of the company’s stock were exchanged, compared to its average volume of 23,037. The stock’s 50 day moving average price is C$57.15 and its two-hundred day moving average price is C$53.86. Cogeco has a fifty-two week low of C$44.62 and a fifty-two week high of C$62.49. 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 company has a market cap of C$428.05 million, a PE ratio of 13.15, a P/E/G ratio of -0.28 and a beta of 0.26.

Analyst Ratings Changes

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

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.