Cogeco (TSE:CGO) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Cogeco Inc. (TSE:CGO - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$59.18 and traded as low as C$59.14. Cogeco shares last traded at C$59.81, with a volume of 28,580 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CGO shares. CIBC cut their price target on shares of Cogeco from C$67.00 to C$64.00 in a research report on Wednesday, January 15th. TD Securities decreased their price target on Cogeco from C$106.00 to C$105.00 and set a "buy" rating for the company in a research note on Friday.

Cogeco Stock Performance

The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The firm has a market cap of C$536.29 million, a PE ratio of 5.81, a PEG ratio of -0.28 and a beta of 0.34. The business has a 50-day simple moving average of C$59.20 and a 200 day simple moving average of C$59.18.

About Cogeco

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.