CCA, CA19239C1068

CIBC cut target for Cogeco Communications stock to CAD 65.00

Published on 10/20/2026 at 19:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026. Cogeco Communications stock costs EUR 32.90 on October 20, 2026, plus 0.92 percent versus the Tradegate close.

Analyst target and reporting date

CIBC cut its Cogeco Communications target from CAD 71.00 to CAD 65.00 on October 8, 2026.
Cogeco Communications plans to release fiscal fourth-quarter results on October 28, 2026.
Cogeco Communications stock costs EUR 32.90 at Lang & Schwarz on October 20, 2026 at 7:31 p.m. CEST, plus 0.92 percent versus the Tradegate close of October 16, 2026.
Fiscal third-quarter revenue was CAD 696.68 million, down 4.70 percent year over year.

CCA, CA19239C1068, Illustration mit AI erstellt.

Cogeco Communications (ISIN CA19239C1068) saw CIBC cut its target from CAD 71.00 to CAD 65.00 in a note dated October 8, 2026, according to MarketScreener. The new target is 24.71 percent above the TSX price of CAD 52.12 at 1:30 p.m. ET on October 20, 2026. Cogeco Communications was trading at EUR 32.90 at Lang & Schwarz on October 20, 2026 at 7:31 p.m. CEST, plus 0.92 percent versus the Tradegate close of October 16, 2026.

Results date brings the next test

Cogeco Communications plans to publish its fiscal fourth-quarter 2026 results after the market closes on October 28, 2026, according to the company's release dated September 23, 2026. The release says the period ended August 31, 2026, and schedules an earnings call for October 29, 2026 at 8:00 a.m. ET. Both dates are stated by Cogeco.

The scheduled release follows fiscal third-quarter revenue of CAD 696.68 million. That figure was 4.70 percent below the year-earlier level, while the quarter included a reported net loss of CAD 1.36 billion, according to Yahoo Finance. The financial statements classify the quarter as fiscal third quarter 2026, ended May 31, 2026.

What does the target cut change?

CIBC's move leaves the target below the CAD 68.91 average target shown for 11 analysts on the MarketScreener company page. The same page lists an Outperform mean consensus and identifies Cogeco Communications as a Toronto Stock Exchange issuer. The target reduction therefore places the upcoming results against a more cautious individual estimate, rather than removing the broader analyst coverage.

Price position and valuation

The TSX quote was CAD 52.12 at 1:30 p.m. ET on October 20, 2026. The same quote showed a 52-week range of CAD 48.18 to CAD 77.40, placing the price CAD 3.94 above the low and CAD 25.28 below the high. Market capitalization was CAD 2.2 billion at that point.

Simply Wall St wrote on October 20, 2026, that the U.S. Breezeline unit impairment had produced a reported net loss while Canadian operations showed growth and the dividend was raised. Its article also cited a 30-day share-price decline of 9.76 percent and a fair value of CAD 68.91, but those figures are separate from the CIBC target decision.

Comparison with peers

Cogeco Communications: plus 0.92 percent, market capitalization CAD 2.2 billion.

BCE: plus 0.57 percent, P/E 4.17, market capitalization CAD 26.3 billion.

Rogers Communications: plus 1.48 percent, P/E 3.93, market capitalization CAD 24.5 billion.

Price and upcoming dates

The October 28 results release and October 29 conference call are the next scheduled corporate dates. For the stock, the immediate numerical contrast is between the CAD 65.00 CIBC target and the CAD 52.12 TSX quote used for the 24.71 percent comparison.

At Lang & Schwarz, Cogeco Communications stock was trading at EUR 32.90 on October 20, 2026 at 7:31 p.m. CEST, plus 0.92 percent versus the Tradegate close of October 16, 2026 at EUR 32.60. The Tradegate close is used because Cogeco Communications is listed on the TSX rather than Xetra. The further course of trading is shown by the continuously updated real-time quote of Cogeco Communications stock.