Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.37 and traded as high as $48.41. Cogeco Communications shares last traded at $48.41, with a volume of 1,741 shares traded.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. National Bankshares restated a “sector perform” rating on shares of Cogeco Communications in a research note on Friday, October 31st. Scotiabank reissued a “sector perform” rating on shares of Cogeco Communications in a research report on Monday, January 12th. CIBC reaffirmed a “neutral” rating on shares of Cogeco Communications in a research report on Friday, January 16th. TD Securities reiterated a “buy” rating on shares of Cogeco Communications in a research note on Friday, October 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Cogeco Communications in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cogeco Communications has an average rating of “Hold”.
Read Our Latest Stock Analysis on Cogeco Communications
Cogeco Communications Stock Performance
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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