Structural, magnetostatic, dynamic and magnetoresistive properties of epitaxial Co/M o superlattices are comprehensively investigated and discussed. Magnetization of the Co sublayers is coupled antiferromagnetically with different strength depending on the nonmagnetic M o spacer thickness. The magnetization and magnetoresistance hysteresis loops clearly reflect interlayer exchange coupling and occurrence of the uniaxial magnetic anisotropy induced by the strained Co sublayers. Theoretical modelling including both micromagnetic and macrospin approaches precisely resembles experimental magnetic hysteresis loops, magnetoresistance curves and ferromagnetic resonance dispersion relations, when a deviation of sublayer thicknesses from the nominal values is taken into account. A dependence of the interlayer magnetic coupling on the M o spacer thickness is determined as a fitting parameter in mentioned modelling of the experimental results.