Rogers Communications (TSE:RCI.A) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Rogers Communications Inc. (TSE:RCI.A)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$52.49 and traded as low as C$47.41. Rogers Communications shares last traded at C$47.41, with a volume of 301 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank decreased their price objective on Rogers Communications from C$71.50 to C$69.00 in a report on Thursday, November 21st.

Rogers Communications Price Performance

The stock has a fifty day moving average of C$52.30 and a 200-day moving average of C$54.59. The firm has a market capitalization of C$5.31 billion, a P/E ratio of 29.29, a PEG ratio of 0.95 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.