Cogna Educação (OTCMKTS:COGNY) Trading 2.4% Higher – Still a Buy?

Cogna Educação S.A. (OTCMKTS:COGNY)’s stock 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.

Wall Street Analysts Forecast Growth

COGNY has been the subject of several recent research reports. Zacks Research upgraded Cogna Educação to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group raised Cogna Educação to a “strong-buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cogna Educação presently has an average rating of “Buy”.

Cogna Educação Stock Performance

The company has a 50 day simple moving average of $0.58 and a 200-day simple moving average of $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.