CIBC Sticks to Its Hold Rating for Cogeco Inc. SV (CGO)

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Cogeco Inc. SV (CGOResearch Report). Analyst Robert Bek from CIBC remains neutral on the stock and has a C$80 price target.

According to TipRanks.com, Bek is a 4-star analyst with an average return of 13.7% and a 70.8% success rate. Bek covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.

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Currently, the analyst consensus on Cogeco Inc. SV is a Moderate Buy with an average price target of C$90.50, which is a 38.3% upside from current levels. In a report issued on January 9, RBC Capital also reiterated a Hold rating on the stock with a C$82 price target.

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The company has a one-year high of C$85.32 and a one-year low of C$54.93. Currently, Cogeco Inc. SV has an average volume of 17.41K.

Cogeco, Inc. operates as a diversified holding company, which engages in providing cable television, Internet, telephony and other telecommunications services to residential and commercial customers in Canada. It operates through the following segments: Communications and Other.

The company’s shares closed on Friday at C$65.42.