Cogeco (TSE:CGO) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Cogeco Inc. (TSE:CGO) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$66.59 and traded as low as C$63.71. Cogeco shares last traded at C$64.28, with a volume of 44,260 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CGO. TD raised Cogeco from a “hold” rating to a “buy” rating and cut their target price for the stock from C$85.00 to C$81.00 in a research note on Monday, April 13th. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating 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 company’s stock. Based on data from MarketBeat.com, Cogeco has an average rating of “Strong Buy” and a consensus price target of C$77.33.

Cogeco Trading Down 1.1%

The firm has a market capitalization of C$608.73 million, a PE ratio of 7.36, a P/E/G ratio of -0.28 and a beta of 0.87. The business has a 50 day moving average price of C$65.27 and a 200-day moving average price of C$66.59. The company has a current ratio of 0.50, a quick ratio of 0.51 and a debt-to-equity ratio of 531.92.

Cogeco (TSE:CGO) last issued its 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$713.04 million during the quarter. Cogeco had a return on equity of 9.64% and a net margin of 2.86%. Analysts expect that Cogeco Inc. will post 11.054717 earnings per share 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.