Cogeco Inc. SV (TSX: CGO), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. TD Securities’ analyst Vince Valentini reiterates their Buy rating on the shares, with a C$99 price target.
Valentini has an average return of 33.9% when recommending Cogeco Inc. SV.
According to TipRanks.com, Valentini is ranked #1604 out of 4908 analysts.
Currently, the analyst consensus on Cogeco Inc. SV is a Moderate Buy with an average price target of C$99.
Based on Cogeco Inc. SV’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of C$24.98 million. In comparison, last year the company had a net profit of C$22.31 million.
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$64.49.
