Cogeco (TSE:CGO) Stock Price Passes Above 50 Day Moving Average - What's Next?

Shares of Cogeco Inc. (TSE:CGO - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$64.42 and traded as high as C$67.27. Cogeco shares last traded at C$67.23, with a volume of 18,957 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities decreased their target price on Cogeco from C$106.00 to C$105.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Cogeco Price Performance

The company has a 50 day moving average of C$64.86 and a 200-day moving average of C$60.62. The firm has a market capitalization of C$653.73 million, a P/E ratio of 7.09, a P/E/G ratio of -0.28 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15.

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.