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    CGO   CA19238T1003

COGECO INC.

(CGO)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 11/26 05:00:00 pm
81.38 CAD   -3.03%
11/24COGECO INC. : Ex-dividend day for
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11/12MT NEWSWIRES CANADA STOCKS TO WATCH : Cogeco Inc and Cogeco Communications; Also, Ballard
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11/11Annual report - French
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Cogeco : Employees Hold a Community Involvement Day in 46 Communities across Canada and the U.S. in Support of the Environment

09/27/2021 | 07:52am EST

MONTREAL - 740 Cogeco employees are building deeper connections with their communities as the company holds its first 1Cogeco Community Involvement Day.

This annual company-wide employee initiative involves Cogeco employees supporting 46 local communities where they live and work. This year's theme, Planting Roots in Our Communities, includes tree-planting events across regions in Ontario and Quebec that are served by Cogeco, and multiple states in the U.S. that are served by its business unit, Atlantic Broadband. These events support several local non-profit organizations, which include Conservation Halton, Grimo Nut Nursery, Trees for Nipissing, Nature-Action Quebec, Association du mont Rougemont, 3R Durable andArbor Day Foundation that work to protect, restore and manage natural resources. This is in perfect alignment with Cogeco's commitment to provide strong environmental stewardship.

Highlights of this year's initiative include: 740 participants across Cogeco; In 46 communities; Who are planting 1,879 trees or seeds (that will, over the next 10 years, absorb approximately 109 tons of greenhouse gas emissions); To support 16 non-profit organizations; In 2 countries, 2 provinces and 7 states.

The tree-planting activities highlight two key pillars of Cogeco's Corporate Social Responsibility program - to take part in developing its communities and to manage its environmental footprint. It also further demonstrates Cogeco's commitment to reduce climate change impacts. The 1Cogeco Community Involvement Day aligns with the company's signature of the Business Ambition for 1.5-degreeC commitment, an initiative by a global coalition of United Nations agencies and business leaders to prevent the worst impacts of climate change.

'We are proud to see our employees mobilizing as one, all over North America, for a common cause that makes a difference. This first 1Cogeco Community Involvement Day demonstrates once again our commitment to give back to the communities we serve, and to conduct our business in a responsible and sustainable manner,' said Philippe Jette, President and Chief Executive Officer, Cogeco. 'At Cogeco, our corporate social responsibility and social engagement practices are a critical aspect of our business, and central to our commitment to support our communities. Good corporate citizenship is one of our guiding principles and remains front and centre for all of our employees.'

Social engagement is part of Cogeco's DNA, as demonstrated by its strong philanthropic commitment through the support of more than 700 local organizations. Strong communities are the foundation of a dynamic and inclusive society. To support them, Cogeco not only strives to connect people, it also invests in their social and cultural lives. Last year, Cogeco devoted more than $13 million in cash donations and over 100 hours of airtime on its radio stations. Since 2018, Cogeco has ranked among Corporate Knights' Best 50 Corporate Citizens in Canada annually. Not only did the organization receive a Caring Company certification from Imagine Canada in 2020 in recognition of its exemplary leadership in community investment and social responsibility, it was also ranked 68th among the world's 100 Most Sustainable Corporations by Corporate Knights. Cogeco's social leadership continues.

ABOUT COGECO INC.

Cogeco Inc. is a holding corporation which operates in the communications and media sectors. Its Cogeco Communications Inc. subsidiary provides residential and business customers with Internet, video and telephony services through its two-way broadband fibre networks, operating in Quebec and Ontario, Canada, under the Cogeco Connexion name, and in the United States under the Atlantic Broadband brand in 12 states. Its Cogeco Media subsidiary owns and operates 23 radio stations with complementary radio formats and extensive coverage serving a wide range of audiences mainly across the province of Quebec, as well as Cogeco News, a news agency. Cogeco's subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CGO). The subordinate voting shares of Cogeco Communications Inc. are also listed on the Toronto Stock Exchange (TSX: CCA).

Contact:

Tel: 514-764-4600

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
COGECO COMMUNICATIONS INC. -1.42% 99.47 Delayed Quote.1.65%
COGECO INC. -3.03% 81.38 Delayed Quote.-0.73%
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Financials
Sales 2022 2 995 M 2 340 M 2 340 M
Net income 2022 150 M 117 M 117 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 1 294 M 1 012 M 1 011 M
Capi. / Sales 2022 0,43x
Capi. / Sales 2023 0,43x
Nbr of Employees 4 400
Free-Float 51,5%
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Cogeco Inc. Technical Analysis Chart | CGO | CA19238T1003 | MarketScreener
Technical analysis trends COGECO INC.
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 81,38 CAD
Average target price 121,67 CAD
Spread / Average Target 49,5%
Managers and Directors
Philippe Jetté President, Chief Executive Officer & Director
Patrice Ouimet Chief Financial Officer & Senior Vice President
Louis V. Audet Executive Chairman
Zouheir Mansourati Chief Technology Officer & Senior Vice President
David Lyman McAusland Director
Sector and Competitors