Cogeco (OTCMKTS:CGECF) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Cogeco Inc. (OTCMKTS:CGECF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.79 and traded as low as $46.12. Cogeco shares last traded at $46.12, with a volume of 581 shares trading hands.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat.com, Cogeco currently has an average rating of “Hold”.

Cogeco Price Performance

The company’s 50-day simple moving average is $51.24 and its 200-day simple moving average is $47.79.

About Cogeco

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.