Cogeco (TSE:CGO) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Cogeco Inc. (TSE:CGO) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$58.10 and traded as low as C$57.73. Cogeco shares last traded at C$59.35, with a volume of 38,224 shares trading hands.

Analyst Ratings Changes

Separately, CIBC cut their price target on shares of Cogeco from C$67.00 to C$64.00 in a report on Wednesday, January 15th.

Cogeco Stock Up 4.2 %

The stock’s fifty day simple moving average is C$56.74 and its two-hundred day simple moving average is C$58.10. The company has a debt-to-equity ratio of 605.15, a current ratio of 0.40 and a quick ratio of 0.51. The company has a market capitalization of C$563.44 million, a price-to-earnings ratio of 6.11, a PEG ratio of -0.28 and a beta of 0.34.

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.