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Cogeco (TSE:CGO) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Cogeco logo with Communication Services background

Key Points

  • Cogeco Inc. stock price fell below its 200-day moving average, reaching a low of C$57.47 during trading.
  • TD Securities downgraded their target price for Cogeco from C$106.00 to C$105.00, while maintaining a "buy" rating on the stock.
  • The company has a market capitalization of C$546.93 million and a high debt-to-equity ratio of 605.15, indicating significant leverage.
  • Need better tools to track Cogeco? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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$61.43 and traded as low as C$57.47. Cogeco shares last traded at C$57.61, with a volume of 18,597 shares traded.

Cogeco Price Performance

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 capitalization of C$550.34 million, a P/E ratio of 5.96, a PEG ratio of -0.28 and a beta of 0.34. The company has a fifty day simple moving average of C$64.05 and a two-hundred day simple moving average of C$61.60.

Cogeco Company Profile

(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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