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Cogeco (TSE:CGO) Sets New 12-Month High - What's Next?

Cogeco logo with Communication Services background

Shares of Cogeco Inc. (TSE:CGO - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$68.31 and last traded at C$68.25, with a volume of 3797 shares traded. The stock had previously closed at C$68.86.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Cogeco

Cogeco Trading Down 1.0%

The stock has a market capitalization of C$647.46 million, a PE ratio of 7.02, a P/E/G ratio of -0.28 and a beta of 0.34. 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 business's fifty day moving average is C$64.86 and its 200-day moving average is C$60.64.

About Cogeco

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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