Cogeco (TSE:CGO) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Cogeco Inc. (TSE:CGO)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$62.24 and traded as low as C$59.61. Cogeco shares last traded at C$60.50, with a volume of 42,979 shares.

Analysts Set New Price Targets

Several research firms have issued reports on CGO. TD Securities cut their price target on Cogeco from C$115.00 to C$110.00 and set a “buy” rating for the company in a report on Monday, November 3rd. CIBC lowered their price objective on Cogeco from C$64.00 to C$61.00 in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Cogeco currently has a consensus rating of “Buy” and an average price target of C$85.50.

Cogeco Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15. The stock has a 50 day simple moving average of C$60.72 and a 200-day simple moving average of C$62.24. The firm has a market cap of C$574.69 million, a PE ratio of 6.87, a price-to-earnings-growth ratio of -0.28 and a beta of 0.37.

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.