Cogeco (TSE:CGO) Shares Cross Above 50 Day Moving Average - Should You Sell?

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$65.42 and traded as high as C$68.67. Cogeco shares last traded at C$68.00, with a volume of 21,900 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their target price 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 Trading Up 2.7%

The stock has a fifty day moving average of C$65.56 and a 200-day moving average of C$61.15. The company has a debt-to-equity ratio of 605.15, a quick ratio of 0.51 and a current ratio of 0.40. The company has a market cap of C$597.24 million, a PE ratio of 6.47, a PEG ratio of -0.28 and a beta of 0.34.

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.