Cogeco (TSE:CGO) Sets New 1-Year High - Should You Buy?

Cogeco Inc. (TSE:CGO - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$66.58 and last traded at C$67.23, with a volume of 18957 shares trading hands. The stock had previously closed at C$64.85.

Analysts Set New Price Targets

Separately, TD Securities dropped their price target on Cogeco from C$106.00 to C$105.00 and set a "buy" rating for the company in a research note on Friday, April 11th.

Cogeco Price Performance

The stock has a market capitalization of C$638.25 million, a PE ratio of 6.92, a P/E/G ratio of -0.28 and a beta of 0.34. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The firm's 50 day simple moving average is C$64.32 and its 200 day simple moving average is C$60.36.

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.

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