Cogeco (TSE:CGO) Shares Cross Below 200 Day Moving Average of $65.39

Cogeco Inc. (TSE:CGOGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$65.39 and traded as low as C$58.27. Cogeco shares last traded at C$58.53, with a volume of 5,003 shares traded.

Analyst Ratings Changes

Separately, CIBC downgraded Cogeco from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$84.00 to C$64.00 in a research report on Wednesday, October 26th.

Cogeco Trading Down 0.6 %

The company has a fifty day simple moving average of C$57.07 and a two-hundred day simple moving average of C$65.39. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 145.20. The stock has a market capitalization of C$923.19 million and a P/E ratio of 6.25.

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, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States.

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