Cogna Educação (OTCMKTS:COGNY) Trading 2.4% Higher – Here’s What Happened

Cogna Educação S.A. (OTCMKTS:COGNY) was up 2.4% during trading on Wednesday . The stock traded as high as $0.5325 and last traded at $0.5325. Approximately 1,302 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 15,233 shares. The stock had previously closed at $0.52.

Analysts Set New Price Targets

Several research analysts have commented on COGNY shares. Jefferies Financial Group upgraded shares of Cogna Educação to a “strong-buy” rating in a report on Wednesday, February 11th. Zacks Research upgraded shares of Cogna Educação to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Cogna Educação Stock Performance

The company’s 50-day moving average is $0.59 and its 200 day moving average is $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.