Cogeco (TSE:CGO) Stock Price Passes Below 50 Day Moving Average of $100.79

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Cogeco Inc. (TSE:CGO)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $100.79 and traded as low as $100.67. Cogeco shares last traded at $103.00, with a volume of 6,977 shares traded.

Separately, CIBC boosted their target price on shares of Cogeco from C$99.50 to C$105.00 in a research report on Friday, November 1st.

The company has a quick ratio of 1.68, a current ratio of 1.74 and a debt-to-equity ratio of 133.70. The firm’s 50-day moving average price is C$100.79 and its 200 day moving average price is C$93.16. The company has a market capitalization of $1.48 billion and a P/E ratio of 11.68.

Cogeco (TSE:CGO) last posted its earnings results on Wednesday, October 30th. The company reported C$1.89 EPS for the quarter. The business had revenue of C$610.51 million for the quarter. As a group, equities research analysts expect that Cogeco Inc. will post 6.6400001 EPS for the current year.

Cogeco Company Profile (TSE:CGO)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in the United States, Canada, Europe, and internationally. The company operates in two segments, Communications and Other. It provides Internet, video, and telephony services; and information technology services, including colocation, network connectivity, hosting, cloud, and a portfolio of managed services.

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