Cogeco Inc. (CGO) Hits New 52-Week High at $87.80
Cogeco Inc. (TSE:CGO) shares reached a new 52-week high on Monday . The company traded as high as C$87.80 and last traded at C$86.67, with a volume of 7,491 shares changing hands. The stock had previously closed at C$85.90.
A number of research analysts recently weighed in on the stock. TD Securities lowered shares of Cogeco from a “buy” rating to a “hold” rating and set a C$95.00 price objective for the company. in a research note on Friday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Cogeco in a research note on Tuesday, July 4th.
The company’s 50-day moving average price is $82.06 and its 200-day moving average price is $74.36. The stock has a market capitalization of $1.45 billion and a PE ratio of 12.64.
Cogeco Company Profile
Cogeco Inc is a holding company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks.
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