Cogeco (TSE:CGO) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Cogeco Inc. (TSE:CGO) crossed 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.

Analysts Set New Price Targets

CGO has been the topic of a number of recent analyst reports. TD Securities upped their price objective on Cogeco from C$99.00 to C$104.00 in a report on Monday, November 4th. CIBC decreased their price target on Cogeco from C$67.00 to C$64.00 in a research note on Wednesday, January 15th. Finally, Canaccord Genuity Group raised Cogeco from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$65.00 to C$77.00 in a research report on Monday, November 4th.

Cogeco Trading Up 0.4 %

The business has a 50-day simple moving average of C$56.56 and a 200-day simple moving average of C$57.77. The company has a market cap of C$553.95 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.40 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.