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

Cogeco Inc. (TSE:CGO)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$61.84 and traded as high as C$62.85. Cogeco shares last traded at C$62.55, with a volume of 21,266 shares.

Analyst Ratings Changes

Several research firms have issued reports on CGO. TD Securities cut their price target on Cogeco from C$115.00 to C$110.00 and set a “buy” rating for the company in a report on Monday, November 3rd. CIBC cut their price objective on Cogeco from C$64.00 to C$61.00 in a research note on Friday, October 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$85.50.

Cogeco Trading Up 1.3%

The company has a quick ratio of 0.51, a current ratio of 0.40 and a debt-to-equity ratio of 605.15. The stock has a fifty day simple moving average of C$61.84 and a 200 day simple moving average of C$62.03. The firm has a market capitalization of C$594.16 million, a P/E ratio of 7.10, a PEG ratio of -0.28 and a beta of 0.39.

Cogeco (TSE:CGO) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$1.71 earnings per share for the quarter. Cogeco had a return on equity of 11.28% and a net margin of 3.00%.The firm had revenue of C$731.37 million during the quarter. As a group, research analysts forecast that Cogeco Inc. will post 11.054717 EPS for the current year.

Cogeco Company Profile

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.