Cogeco Inc. (TSE:CGO – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$54.85 and traded as low as C$51.97. Cogeco shares last traded at C$52.36, with a volume of 7,310 shares traded.
Wall Street Analyst Weigh In
Separately, TD Securities dropped their price objective on shares of Cogeco from C$110.00 to C$106.00 and set a “buy” rating on the stock in a research note on Monday, April 15th.
Read Our Latest Stock Analysis on CGO
Cogeco Price Performance
Cogeco (TSE:CGO – Get Free Report) last released its earnings results on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a return on equity of 9.40% and a net margin of 1.74%. The business had revenue of C$751.91 million for the quarter. Research analysts predict that Cogeco Inc. will post 12.0907029 earnings per share for the current fiscal year.
Cogeco Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 25th were given a dividend of $0.854 per share. This represents a $3.42 annualized dividend and a yield of 6.55%. The ex-dividend date was Wednesday, April 24th. Cogeco’s dividend payout ratio (DPR) is 81.62%.
Cogeco Company Profile
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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