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

Cogeco Inc. (TSE:CGO)’s stock price 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 trading hands.

Analyst Ratings Changes

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

Cogeco Price Performance

The stock’s fifty day moving average price is C$62.10 and its 200-day moving average price is C$61.94. The firm has a market cap of C$601.10 million, a PE ratio of 7.18, a price-to-earnings-growth ratio of -0.28 and a beta of 0.39. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51.

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