Cogeco (TSE:CGO) Stock Price Crosses Below 50-Day Moving Average of $95.83

Cogeco Inc. (TSE:CGO)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $95.83 and traded as low as $95.64. Cogeco shares last traded at $95.67, with a volume of 2,915 shares.

Separately, CIBC upped their price objective on Cogeco from C$93.50 to C$99.50 in a research note on Thursday, July 18th.

The company has a current ratio of 1.79, a quick ratio of 1.71 and a debt-to-equity ratio of 135.90. The stock has a market capitalization of $1.55 billion and a PE ratio of 11.63. The firm has a 50 day moving average price of C$95.83 and a 200 day moving average price of C$88.19.

Cogeco (TSE:CGO) last posted its quarterly earnings data on Wednesday, July 10th. The company reported C$2.16 EPS for the quarter. The company had revenue of C$617.62 million during the quarter. On average, equities research analysts expect that Cogeco Inc. will post 6.2899997 EPS for the current year.

Cogeco Company Profile (TSE:CGO)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.

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