Rogers Communications (TSE:RCI.A) Share Price Passes Below Two Hundred Day Moving Average of $57.49

Shares of Rogers Communications Inc. (TSE:RCI.A) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$57.49 and traded as low as C$55.56. Rogers Communications shares last traded at C$55.58, with a volume of 401 shares.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price target on Rogers Communications from C$77.00 to C$76.00 in a report on Monday, July 8th.

Rogers Communications Trading Down 0.1 %

The company has a market cap of C$6.18 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 0.95 and a beta of 0.56. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 434.09. The business’s 50 day moving average price is C$55.09 and its 200-day moving average price is C$57.44.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.