Cogeco (TSE:CGO) Share Price Crosses Above 50-Day Moving Average of $96.57

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Cogeco Inc. (TSE:CGO)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$96.57 and traded as high as C$98.15. Cogeco shares last traded at C$97.63, with a volume of 4,832 shares changing hands.

Separately, TD Securities increased their target price on Cogeco from C$130.00 to C$140.00 and gave the company a “buy” rating in a report on Monday, January 18th.

The company has a debt-to-equity ratio of 115.73, a current ratio of 1.45 and a quick ratio of 1.32. The stock has a market cap of C$1.56 billion and a price-to-earnings ratio of 11.34. The firm has a fifty day moving average of C$96.58 and a 200 day moving average of C$87.56.

Cogeco (TSE:CGO) last posted its quarterly earnings results on Thursday, January 14th. The company reported C$2.53 EPS for the quarter. The company had revenue of C$646.36 million during the quarter. Research analysts anticipate that Cogeco Inc. will post 9.6800003 earnings per share for the current fiscal year.

Cogeco Company Profile (TSE:CGO)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States.

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