Cogeco (TSE:CGO) Stock Crosses Above 50-Day Moving Average – Should You Sell?

by · The Markets Daily

Cogeco Inc. (TSE:CGO – Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$62.10 and traded as high as C$63.57. Cogeco shares last traded at C$63.28, with a volume of 17,016 shares.

Analyst Upgrades and Downgrades

CGO has been the topic of several research analyst reports. CIBC lowered their price target on shares of Cogeco from C$64.00 to C$61.00 in a report on Friday, October 17th. TD Securities decreased their target price on Cogeco from C$115.00 to C$110.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$85.50.

Read Our Latest Stock Report on CGO

Cogeco Trading Up 1.1%

The stock has a market capitalization of C$607.84 million, a P/E ratio of 7.26, a P/E/G ratio of -0.28 and a beta of 0.39. 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 business has a 50-day moving average price of C$62.14 and a two-hundred day moving average price of C$61.95.

Cogeco (TSE:CGO – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$1.71 EPS for the quarter. The business had revenue of C$731.37 million during the quarter. Cogeco had a return on equity of 11.28% and a net margin of 3.00%. On average, analysts expect that Cogeco Inc. will post 11.054717 EPS for the current fiscal year.

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. 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.

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