Cogeco (TSE:CGO) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Shares of Cogeco Inc. (TSE:CGO - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$61.23 and traded as high as C$65.65. Cogeco shares last traded at C$64.34, with a volume of 14,809 shares changing hands.

Analysts Set New Price Targets

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

Cogeco Stock Up 0.2%

The company has a market cap of C$613.00 million, a PE ratio of 6.64, a PEG 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 business's fifty day simple moving average is C$61.49 and its two-hundred day simple moving average is C$59.57.

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.