Cogeco (TSE:CGO) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Cogeco Inc. stock has crossed above its fifty-day moving average of C$59.98, reaching a high of C$60.33 during trading on Monday.
• The company's market capitalization stands at C$570.51 million, with a price-to-earnings ratio of 6.58, indicating a relatively low valuation compared to earnings.
• Cogeco operates in two primary segments: Canadian and American broadband services, providing a range of Internet, video, and telephony services to residential and business customers.

Cogeco Inc. (TSE:CGO - ) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$59.98 and traded as high as C$60.33. Cogeco shares last traded at C$60.06, with a volume of 17,113 shares changing hands.

Cogeco Trading Down 0.3%

The stock has a 50-day simple moving average of C$59.98 and a 200 day simple moving average of C$62.33. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15. The company has a market cap of C$570.51 million, a price-to-earnings ratio of 6.58, a PEG ratio of -0.28 and a beta of 0.39.

About Cogeco

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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