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

Cogeco Inc. (TSE:CGO) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$69.72 and traded as high as C$72.80. Cogeco shares last traded at C$72.70, with a volume of 6,286 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CGO shares. Canadian Imperial Bank of Commerce upped their target price on Cogeco from C$61.00 to C$66.00 in a research note on Friday, January 16th. TD Securities boosted their price target on Cogeco from C$110.00 to C$120.00 and gave the company a “buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$93.00.

Cogeco Stock Performance

The company has a debt-to-equity ratio of 540.51, a quick ratio of 0.51 and a current ratio of 0.44. The firm has a market capitalization of C$688.32 million, a PE ratio of 8.41, a price-to-earnings-growth ratio of -0.28 and a beta of 0.82. The firm’s 50 day moving average price is C$69.72 and its 200-day moving average price is C$64.37.

Cogeco (TSE:CGO) last announced its quarterly earnings results on Wednesday, January 14th. The company reported C$3.00 earnings per share for the quarter. The firm had revenue of C$735.64 million during the quarter. Cogeco had a return on equity of 9.61% and a net margin of 2.80%. On average, research analysts expect 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.