Cogeco Inc. (TSE:CGO - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$61.71 and traded as high as C$65.25. Cogeco shares last traded at C$64.76, with a volume of 3,809 shares traded.
Wall Street Analysts Forecast Growth
Separately, TD Securities reduced their price objective 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.
Check Out Our Latest Report on Cogeco
Cogeco Stock Down 1.2%
The stock has a market capitalization of C$608.06 million, a price-to-earnings ratio of 6.59, a price-to-earnings-growth 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 50-day moving average is C$61.85 and its two-hundred day moving average is C$59.69.
About Cogeco
(
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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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