Cogeco (TSE:CGO) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Cogeco Inc. (TSE:CGO) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$61.84 and traded as high as C$62.85. Cogeco shares last traded at C$62.55, with a volume of 21,266 shares traded.

Wall Street Analyst Weigh In

CGO has been the subject of a number of research analyst reports. CIBC reduced their target price on Cogeco from C$64.00 to C$61.00 in a report on Friday, October 17th. TD Securities reduced their price objective 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. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cogeco presently has an average rating of “Buy” and an average price target of C$85.50.

Cogeco Stock Performance

The business has a 50-day moving average of C$61.84 and a 200 day moving average of C$62.03. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The company has a market cap of C$594.16 million, a PE ratio of 7.10, a PEG ratio of -0.28 and a beta of 0.39.

Cogeco (TSE:CGO) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$1.71 earnings per share (EPS) for the quarter. Cogeco had a return on equity of 11.28% and a net margin of 3.00%.The business had revenue of C$731.37 million during the quarter. Equities research analysts anticipate that Cogeco Inc. will post 11.054717 EPS for the current fiscal year.

About Cogeco

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. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.