Cogeco (OTCMKTS:CGECF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Cogeco Inc. (OTCMKTS:CGECFGet Free Report)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $47.80 and traded as high as $51.81. Cogeco shares last traded at $51.55, with a volume of 200 shares.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Cogeco in a research report on Friday, January 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Get Our Latest Research Report on Cogeco

Cogeco Price Performance

The stock has a 50 day moving average of $47.80 and a 200 day moving average of $45.01.

About Cogeco

(Get Free Report)

Cogeco Communications Inc (OTCMKTS:CGECF) is a Canadian telecommunications and media company that provides a suite of residential and business services. The company’s offerings include cable television, high-speed Internet access, and digital voice services, delivered over a hybrid fiber-coaxial network. Through its core cable operations in Ontario and Quebec, Cogeco serves hundreds of communities with a focus on delivering reliable connectivity and enhanced entertainment packages.

In the United States, Cogeco operates under the Atlantic Broadband brand, serving multiple markets along the East Coast and in the Midwest.

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