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Cogeco (TSE:CGO) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Cogeco logo with Communication Services background

Key Points

  • Cogeco Inc. (TSE:CGO) shares fell below their 200-day moving average, indicating potential market weakness, trading as low as C$61.20 on Thursday.
  • The stock is currently down 1.8% with a market capitalization of C$584.95 million and a PE ratio of 6.74.
  • Cogeco operates two segments focused on broadband services in Canada and the U.S., offering internet, video, and telephony services predominantly to residential customers.
  • Five stocks we like better than Cogeco.

Cogeco Inc. (TSE:CGO - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$62.26 and traded as low as C$61.20. Cogeco shares last traded at C$61.58, with a volume of 34,120 shares traded.

Cogeco Price Performance

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 firm has a 50-day moving average of C$60.52 and a 200-day moving average of C$62.34. The stock has a market cap of C$580.39 million, a PE ratio of 6.69, a PEG ratio of -0.28 and a beta of 0.55.

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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