Shares of Cogeco Inc. (OTCMKTS:CGECF – Get Free Report) rose 3.1% during mid-day trading on Monday . The stock traded as high as $43.80 and last traded at $43.80. Approximately 595 shares traded hands during trading, a decline of 50% from the average daily volume of 1,197 shares. The stock had previously closed at $42.50.
Cogeco Stock Performance
The company’s fifty day moving average is $40.67 and its 200-day moving average is $38.76.
About Cogeco
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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