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

Cogeco Inc. (TSE:CGO - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$62.07 and traded as high as C$63.82. Cogeco shares last traded at C$63.82, with a volume of 3,615 shares.

Wall Street Analyst Weigh In

Separately, TD Securities cut their price objective 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 Trading Up 0.9%

The company has a fifty day simple moving average of C$62.24 and a 200-day simple moving average of C$59.79. 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 stock has a market cap of C$616.04 million, a price-to-earnings ratio of 6.68, a P/E/G ratio of -0.28 and a beta of 0.34.

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.