Cogeco Communications (OTCMKTS:CGEAF) Stock Passes Below 200 Day Moving Average – Here’s Why

Cogeco Communications Inc. (OTCMKTS:CGEAFGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.73 and traded as low as $45.0375. Cogeco Communications shares last traded at $45.0375, with a volume of 10,437 shares changing hands.

Cogeco Communications Trading Down 3.7%

The stock’s 50-day simple moving average is $46.25 and its 200-day simple moving average is $48.73.

Cogeco Communications Company Profile

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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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