Cogeco (OTCMKTS:CGECF) Share Price Passes Below 200-Day Moving Average of $49.82

Cogeco Inc. (OTCMKTS:CGECFGet Rating)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $49.82 and traded as low as $43.00. Cogeco shares last traded at $43.00, with a volume of 867 shares changing hands.

Analyst Upgrades and Downgrades

Separately, CIBC lowered shares of Cogeco from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 25th.

Cogeco Stock Performance

The firm’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $49.82.

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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