Cogna Educação (OTCMKTS:COGNY) Trading 2.4% Higher – Here’s What Happened

Cogna Educação S.A. (OTCMKTS:COGNY)’s share price traded up 2.4% during mid-day trading on Wednesday . The company traded as high as $0.5325 and last traded at $0.5325. 1,302 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 15,233 shares. The stock had previously closed at $0.52.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Cogna Educação to a “strong-buy” rating in a research note on Wednesday, February 11th. Zacks Research raised shares of Cogna Educação to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cogna Educação presently has a consensus rating of “Buy”.

Cogna Educação Price Performance

The company’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $0.64.

About Cogna Educação

Cogna Educação SA (OTCMKTS:COGNY) is one of Brazil’s leading private education companies, offering a broad spectrum of academic services across K-12, higher education and vocational training. Through a network of brick-and-mortar campuses and an extensive distance-learning platform, Cogna delivers undergraduate and postgraduate degree programs, technical certificates and preparatory courses to students nationwide.

Founded in 1966 with its first campus in Belo Horizonte, the group expanded rapidly by combining organic growth with strategic acquisitions.