Cogeco (TSE:CGO) Shares Pass Below Two Hundred Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemCogeco Inc. (TSE:CGO – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.39 and traded as low as C$57.95. Cogeco shares last traded at C$58.24, with a volume of 52,502 shares changing hands.
Analysts Set New Price Targets
CGO has been the subject of a number of research reports. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. TD raised shares of Cogeco from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$85.00 to C$81.00 in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$77.33.
Read Our Latest Analysis on Cogeco
Cogeco Stock Down 1.3%
The firm has a 50 day moving average of C$62.93 and a two-hundred day moving average of C$66.39. The firm has a market capitalization of C$551.53 million, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of -0.28 and a beta of 0.79. The company has a quick ratio of 0.51, a current ratio of 0.49 and a debt-to-equity ratio of 961.67.
Cogeco (TSE:CGO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. Cogeco had a negative net margin of 11.78% and a negative return on equity of 43.86%. The business had revenue of C$724.17 million during the quarter. As a group, sell-side analysts anticipate that Cogeco Inc. will post 11.054717 EPS for the current fiscal year.
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. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.