The Globe and Mail reports in its Friday, Jan. 16, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "hold" recommendation for Cogeco Communications. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil raised his share target by a loonie to $72. Analysts on average target the shares at $88.88. Mr. Dubreuil says in a note: "The U.S. cable winter appears to persist, as fibre network build-outs continue unabated and additional spectrum is being allocated to incumbent wireless operators, boosting FWA capacity. Nonetheless, Cogeco Communication's U.S. turnaround seems to be gaining traction, as it reported its lowest Internet losses in 15 quarters with meaningful cost cutting. While Cogeco generates a 18-per-cent FCF yield, we remain on the sidelines given our view of the outlook for the U.S. business." The Globe reported on Oct. 11, 2024, Oct. 10, 2025, Nov. 4, 2025, and Jan. 13, 2026, that Mr. Dubreuil had reaffirmed his "hold" recommendation for Cogeco Communications, which was then going for $69.30, $64.52, $64.45 and $67.31.
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