Cogeco (OTCMKTS:CGECF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Cogeco Inc. (OTCMKTS:CGECF) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $47.80 and traded as high as $51.81. Cogeco shares last traded at $51.55, with a volume of 200 shares.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Cogeco in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Cogeco Stock Performance

The business’s 50 day simple moving average is $47.80 and its two-hundred day simple moving average is $45.01.

Cogeco Company Profile

Cogeco Communications Inc (OTCMKTS:CGECF) is a Canadian telecommunications and media company that provides a suite of residential and business services. The company’s offerings include cable television, high-speed Internet access, and digital voice services, delivered over a hybrid fiber-coaxial network. Through its core cable operations in Ontario and Quebec, Cogeco serves hundreds of communities with a focus on delivering reliable connectivity and enhanced entertainment packages.

In the United States, Cogeco operates under the Atlantic Broadband brand, serving multiple markets along the East Coast and in the Midwest.