Cogeco (TSE:CGO) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Cogeco Inc. (TSE:CGO) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.21 and traded as low as C$61.86. Cogeco shares last traded at C$61.88, with a volume of 16,815 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CGO. TD Securities raised Cogeco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Canadian Imperial Bank of Commerce boosted their price objective on Cogeco from C$61.00 to C$66.00 in a report on Friday, January 16th. Finally, TD raised Cogeco from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$85.00 to C$81.00 in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of C$77.33.

Cogeco Stock Performance

The company has a market capitalization of C$586.00 million, a PE ratio of 7.09, a PEG ratio of -0.28 and a beta of 0.87. The company has a 50 day moving average of C$67.05 and a two-hundred day moving average of C$66.21. The company has a debt-to-equity ratio of 531.92, a current ratio of 0.50 and a quick ratio of 0.51.

Cogeco (TSE:CGO) last released its earnings results on Thursday, April 9th. The company reported C$2.12 EPS for the quarter. Cogeco had a return on equity of 9.64% and a net margin of 2.86%.The firm had revenue of C$713.04 million for the quarter. As a group, equities research analysts predict that Cogeco Inc. will post 11.054717 earnings per share 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.