Cogeco (TSE:CGO) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Cogeco Inc. (TSE:CGO - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$56.70 and traded as high as C$57.22. Cogeco shares last traded at C$57.22, with a volume of 21,906 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CGO shares. TD Securities boosted their price target on Cogeco from C$99.00 to C$104.00 in a report on Monday, November 4th. Canaccord Genuity Group raised Cogeco from a "hold" rating to a "buy" rating and boosted their price target for the company from C$65.00 to C$77.00 in a research report on Monday, November 4th. Finally, CIBC decreased their target price on Cogeco from C$67.00 to C$64.00 in a research report on Wednesday, January 15th.

Cogeco Price Performance

The business has a 50-day moving average price of C$56.52 and a 200 day moving average price of C$57.80. The company has a market cap of C$554.05 million, a price-to-earnings ratio of 6.01, a P/E/G ratio of -0.28 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15.

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.