Cogeco Inc. (TSE:CGO - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$55.29 and traded as low as C$49.75. Cogeco shares last traded at C$50.00, with a volume of 13,291 shares.
Wall Street Analyst Weigh In
Separately, TD Securities reduced their price target on Cogeco from C$106.00 to C$94.00 and set a "buy" rating on the stock in a report on Wednesday, June 5th.
Read Our Latest Report on Cogeco
Cogeco Stock Performance
The stock has a market capitalization of C$399.59 million, a PE ratio of 11.90, a price-to-earnings-growth ratio of -0.28 and a beta of 0.27. The firm's fifty day moving average is C$52.42 and its 200-day moving average is C$55.29. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 152.98.
Cogeco (TSE:CGO - Get Free Report) last issued its quarterly earnings data on Thursday, April 11th. The company reported C$2.33 earnings per share (EPS) for the quarter. The firm had revenue of C$751.91 million for the quarter. Cogeco had a net margin of 1.74% and a return on equity of 9.40%. As a group, research analysts anticipate that Cogeco Inc. will post 12.0907029 earnings per share for the current year.
Cogeco Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were issued a $0.854 dividend. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $3.42 annualized dividend and a yield of 6.87%. Cogeco's dividend payout ratio (DPR) is currently 81.62%.
Cogeco Company Profile
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Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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