Shares of Cogeco Inc. (OTCMKTS:CGECF – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.01 and traded as low as $46.10. Cogeco shares last traded at $46.10, with a volume of 909 shares traded.
Wall Street Analyst Weigh In
Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Cogeco in a research report on Friday, January 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Research Report on CGECF
Cogeco Stock Performance
Cogeco Company Profile
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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