Cogeco (TSE:CGO) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Cogeco Inc. (TSE:CGO) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$59.29 and traded as low as C$45.71. Cogeco shares last traded at C$46.24, with a volume of 16,176 shares.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce cut their price objective on Cogeco from C$67.00 to C$60.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$75.33.

Cogeco Trading Up 2.9%

The company has a debt-to-equity ratio of 961.67, a quick ratio of 0.51 and a current ratio of 0.49. The company has a market cap of C$452.57 million, a P/E ratio of -1.32, a P/E/G ratio of -0.28 and a beta of 0.92. The business has a fifty day simple moving average of C$52.33 and a 200 day simple moving average of C$58.99.

Cogeco Company Profile

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.