Cogeco (TSE:CGO) Hits New 52-Week Low – What’s Next?

Cogeco Inc. (TSE:CGO) reached a new 52-week low during trading on Monday . The stock traded as low as C$53.79 and last traded at C$54.28, with a volume of 1216 shares traded. The stock had previously closed at C$53.98.

Cogeco Trading Up 0.6%

The firm has a market cap of C$514.03 million, a PE ratio of -1.50, a P/E/G ratio of -0.28 and a beta of 0.75. The company has a quick ratio of 0.51, a current ratio of 0.49 and a debt-to-equity ratio of 961.67. The company’s 50 day moving average price is C$58.03 and its two-hundred day moving average price is C$63.01.

Cogeco (TSE:CGO) last issued its quarterly earnings results on Wednesday, July 15th. The company reported C$3.10 EPS for the quarter. Cogeco had a negative net margin of 11.78% and a negative return on equity of 43.86%. The company had revenue of C$724.17 million for the quarter. As a group, sell-side analysts forecast that Cogeco Inc. will post 11.054717 EPS for the current year.

Cogeco Company Profile

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.