Cogeco Inc. (TSE:CGO) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $103.78 and traded as low as $102.26. Cogeco shares last traded at $103.39, with a volume of 31,989 shares traded.
Several brokerages have recently weighed in on CGO. TD Securities upped their price target on shares of Cogeco from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. CIBC boosted their price objective on shares of Cogeco from C$99.50 to C$105.00 in a research note on Friday, November 1st.
The company has a debt-to-equity ratio of 133.70, a quick ratio of 1.68 and a current ratio of 1.74. The stock has a market cap of $1.69 billion and a P/E ratio of 11.76. The firm’s 50 day moving average is C$103.71 and its 200 day moving average is C$97.64.
Cogeco (TSE:CGO) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.89 EPS for the quarter. The firm had revenue of C$610.51 million for the quarter. As a group, analysts expect that Cogeco Inc. will post 6.6399999 EPS for the current fiscal year.
About Cogeco (TSE:CGO)
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.
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