Shares of Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.37 and traded as high as $48.41. Cogeco Communications shares last traded at $48.41, with a volume of 1,741 shares traded.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on CGEAF shares. National Bankshares reissued a “sector perform” rating on shares of Cogeco Communications in a report on Friday, October 31st. TD Securities reissued a “buy” rating on shares of Cogeco Communications in a research note on Friday, October 31st. Scotiabank reissued a “sector perform” rating on shares of Cogeco Communications in a report on Monday, January 12th. CIBC reaffirmed a “neutral” rating on shares of Cogeco Communications in a report on Friday, January 16th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Cogeco Communications in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Cogeco Communications
Cogeco Communications Trading Down 2.6%
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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