Cogeco (TSE:CGO) Sets New 52-Week High - Here's What Happened

Cogeco Inc. (TSE:CGO - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$63.56 and last traded at C$63.02, with a volume of 2753 shares. The stock had previously closed at C$63.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Securities cut their price target on Cogeco from C$106.00 to C$105.00 and set a "buy" rating for the company in a report on Friday, April 11th. CIBC dropped their target price on Cogeco from C$67.00 to C$64.00 in a report on Wednesday, January 15th.

Cogeco Trading Up 1.3 %

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's fifty day simple moving average is C$60.71 and its two-hundred day simple moving average is C$59.42. The firm has a market cap of C$606.93 million, a PE ratio of 6.58, a PEG ratio of -0.28 and a beta of 0.34.

About Cogeco

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.