Shares of Cogeco Communications Inc. (OTCMKTS:CGEAF – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.95 and traded as low as $46.3760. Cogeco Communications shares last traded at $46.3760, with a volume of 8,309 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CGEAF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Cogeco Communications in a report on Friday, January 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Cogeco Communications in a report on Friday, January 16th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Cogeco Communications in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Analysis on Cogeco Communications
Cogeco Communications Stock Performance
About Cogeco Communications
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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