Cogeco (TSE:CGO) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Cogeco Inc. (TSE:CGO - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$58.10 and traded as low as C$57.73. Cogeco shares last traded at C$59.35, with a volume of 38,224 shares trading hands.

Wall Street Analyst Weigh In

Separately, CIBC reduced their target price on shares of Cogeco from C$67.00 to C$64.00 in a research report on Wednesday, January 15th.

Cogeco Stock Up 2.3 %

The company has a market capitalization of C$567.43 million, a PE ratio of 6.15, a PEG ratio of -0.28 and a beta of 0.34. The company has a debt-to-equity ratio of 605.15, a quick ratio of 0.51 and a current ratio of 0.40. The stock's 50 day moving average is C$56.80 and its 200 day moving average is C$58.15.

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.