Cogeco Communications shares dip 4% after Q1 revenue falls short By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Investing.com
Revenue Decline: Cogeco Communications experienced a 4% drop in shares after reporting a 1.2% decrease in revenue to $738.7 million for Q1 fiscal 2025, falling short of expectations due to declines in the American telecommunications segment.
Financial Performance: Despite the revenue shortfall, the company maintained its fiscal 2025 guidelines and reported a 1.7% increase in adjusted EBITDA, reaching $365.2 million.
Analyst Views on CGO
Wall Street analysts forecast CGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.000
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About CGO
Calamos Global Total Return Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks total return through a combination of capital appreciation and current income by investing in a globally diversified portfolio of equities, convertible securities, and high-yield corporate bonds. The Fund invests in the securities of global issuers, favoring companies that source diversified revenue streams and business strategies. Under normal circumstances, the Fund will invest at least 50% of its managed assets in equity securities (including securities that are convertible into equity securities). The Fund may invest up to 100% of its managed assets in securities of foreign issuers, including debt and equity securities of corporate issuers and debt securities of government issuers, in developed and emerging markets. The Fund will invest at least 40% of its managed assets in securities of foreign issuers. Calamos Advisors LLC is the investment advisor of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
