Cogeco (TSE:CGO) Shares Cross Above 50 Day Moving Average – Time to Sell?

Cogeco Inc. (TSE:CGO) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$65.99 and traded as high as C$70.57. Cogeco shares last traded at C$70.28, with a volume of 13,065 shares.

Analyst Ratings Changes

Several brokerages recently weighed in on CGO. TD Securities increased their price objective on Cogeco from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Canadian Imperial Bank of Commerce boosted their price target on shares of Cogeco from C$61.00 to C$66.00 in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$93.00.

Cogeco Stock Up 1.1%

The firm has a 50 day moving average price of C$65.99 and a 200-day moving average price of C$62.44. The firm has a market cap of C$665.41 million, a price-to-earnings ratio of 8.13, a P/E/G ratio of -0.28 and a beta of 0.73. The company has a current ratio of 0.40, a quick ratio of 0.51 and a debt-to-equity ratio of 605.15.

Cogeco (TSE:CGO) last issued its quarterly earnings data on Wednesday, January 14th. The company reported C$3.00 earnings per share for the quarter. The business had revenue of C$735.64 million during the quarter. Cogeco had a net margin of 3.00% and a return on equity of 11.28%. On average, equities analysts forecast that Cogeco Inc. will post 11.054717 EPS for the current 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.