Cogeco (TSE:CGO) Sets New 52-Week High - Time to Buy?

Cogeco Inc. (TSE:CGO - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$66.01 and last traded at C$65.41, with a volume of 4502 shares changing hands. The stock had previously closed at C$65.90.

Analysts Set New Price Targets

Separately, TD Securities lowered their price target 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.

Cogeco Price Performance

The company has a debt-to-equity ratio of 605.15, a quick ratio of 0.51 and a current ratio of 0.40. The firm has a market capitalization of C$627.81 million, a PE ratio of 6.80, a P/E/G ratio of -0.28 and a beta of 0.34. The stock has a fifty day moving average price of C$62.55 and a 200-day moving average price of C$59.94.

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.