Cogeco (TSE:CGO) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Cogeco Inc. (TSE:CGO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.69 and traded as low as C$62.50. Cogeco shares last traded at C$63.24, with a volume of 5,603 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD raised Cogeco from a “hold” rating to a “buy” rating and reduced their target price for the company from C$85.00 to C$81.00 in a report on Monday, April 13th. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$77.33.

Cogeco Stock Up 1.4%

The stock has a market capitalization of C$598.88 million, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of -0.28 and a beta of 0.77. The business’s 50-day moving average is C$63.52 and its two-hundred day moving average is C$66.69. The company has a quick ratio of 0.51, a current ratio of 0.50 and a debt-to-equity ratio of 531.92.

Cogeco (TSE:CGO) last released its quarterly earnings data on Thursday, April 9th. The company reported C$2.12 EPS for the quarter. The company had revenue of C$713.03 million during the quarter. Cogeco had a net margin of 2.86% and a return on equity of 9.64%. Equities analysts anticipate 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.