Can Cogeco Inc.’s Tomorrow be Different? The Stock Just Broke Its 52-Week Low

 Can Cogeco Inc.'s Tomorrow be Different? The Stock Just Broke Its 52 Week Low

The stock of Cogeco Inc. (TSE:CGO) hit a new 52-week low and has $46.09 target or 6.00% below today’s $49.03 share price. The 6 months bearish chart indicates high risk for the $727.20 million company. The 1-year low was reported on Nov, 3 by If the $46.09 price target is reached, the company will be worth $43.63 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 16,942 shares traded hands. Cogeco Inc. (TSE:CGO) has declined 14.41% since March 30, 2016 and is downtrending. It has underperformed by 15.63% the S&P500.

Cogeco Inc. (TSE:CGO) Ratings Coverage

Out of 3 analysts covering Cogeco Inc. (TSE:CGO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $77 is the highest target while $54 is the lowest. The $64.50 average target is 31.55% above today’s ($49.03) stock price. Cogeco Inc. has been the topic of 5 analyst reports since January 14, 2016 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, July 8 by RBC Capital Markets.

More notable recent Cogeco Inc. (TSE:CGO) news were published by: which released: “Cogeco Inc CEO Louis Audet says family ownership is good for businesses and Canada” on April 25, 2016, also with their article: “Cogeco Inc. and Cogeco Communications Inc. Announce the Appointment of Luc …” published on August 22, 2016, published: “Cogeco Inc. reports higher third-quarter profit, revenue” on July 15, 2015. More interesting news about Cogeco Inc. (TSE:CGO) were released by: and their article: “Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their …” published on March 10, 2016 as well as‘s news article titled: “Cogeco Inc. and Cogeco Communications Inc. Schedule the Release of Their …” with publication date: May 30, 2016.

Cogeco Inc. is a holding company, which operates in the communications and media sectors. The company has a market cap of $727.20 million. The Firm operates through two divisions: Communications and Other. It currently has negative earnings. The Communications segment, through the Company’s subsidiary, Cogeco Communications Inc. , provides its residential and business clients with video, Internet and telephony services through its two-way broadband fiber networks.

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