Cogeco (TSE:CGO) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Cogeco Inc. (TSE:CGO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.69 and traded as low as C$62.50. Cogeco shares last traded at C$63.24, with a volume of 5,603 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CGO shares. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. TD upgraded shares of Cogeco from a “hold” rating to a “buy” rating and decreased their price target for the company from C$85.00 to C$81.00 in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average target price of C$77.33.

Cogeco Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.50 and a debt-to-equity ratio of 531.92. The company’s fifty day moving average price is C$63.52 and its 200 day moving average price is C$66.69. The company has a market capitalization of C$598.88 million, a P/E ratio of 7.24, a PEG ratio of -0.28 and a beta of 0.77.

Cogeco (TSE:CGO) last issued its quarterly earnings results on Thursday, April 9th. The company reported C$2.12 earnings per share (EPS) for the quarter. The business had revenue of C$713.03 million for the quarter. Cogeco had a return on equity of 9.64% and a net margin of 2.86%. As a group, sell-side 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.