Cogeco (TSE:CGO) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Cogeco Inc. (TSE:CGO – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$65.42 and traded as high as C$68.67. Cogeco shares last traded at C$68.00, with a volume of 21,900 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities reduced their price objective on shares of Cogeco from C$106.00 to C$105.00 and set a “buy” rating for the company in a report on Friday, April 11th.

Read Our Latest Stock Analysis on Cogeco

Cogeco Stock Down 0.4%

The company has a quick ratio of 0.51, a current ratio of 0.40 and a debt-to-equity ratio of 605.15. The company has a market capitalization of C$645.56 million, a PE ratio of 7.00, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34. The business’s 50 day simple moving average is C$65.42 and its 200 day simple moving average is C$61.03.

Cogeco Company Profile

(Get Free Report)

Cogeco Inc is a telecommunications company. The company has two reportable operating segments, namely Canadian broadband services and American broadband services. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas.

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