Cogeco (TSE:CGO) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Cogeco Inc. (TSE:CGO) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$56.70 and traded as high as C$57.22. Cogeco shares last traded at C$57.22, with a volume of 21,906 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Securities boosted their target price on Cogeco from C$99.00 to C$104.00 in a research note on Monday, November 4th. CIBC lowered their price objective on Cogeco from C$67.00 to C$64.00 in a research report on Wednesday, January 15th. Finally, Canaccord Genuity Group upgraded shares of Cogeco from a “hold” rating to a “buy” rating and upped their target price for the stock from C$65.00 to C$77.00 in a research note on Monday, November 4th.

Cogeco Stock Up 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 stock has a market cap of C$553.95 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34. The firm has a fifty day moving average of C$56.56 and a 200 day moving average of C$57.77.

Cogeco Company Profile

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.