Rogers Communications (TSE:RCI.A) Share Price Crosses Below 200 Day Moving Average of $58.47

Rogers Communications Inc. (TSE:RCI.A) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$58.47 and traded as low as C$57.90. Rogers Communications shares last traded at C$58.03, with a volume of 2,398 shares traded.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price objective on shares of Rogers Communications from C$64.00 to C$65.00 and gave the stock an “equal weight” rating in a research note on Monday, July 24th.

Rogers Communications Price Performance

The company has a debt-to-equity ratio of 441.92, a current ratio of 0.90 and a quick ratio of 0.58. The firm has a fifty day moving average of C$54.07 and a two-hundred day moving average of C$58.47. The stock has a market capitalization of C$6.52 billion, a P/E ratio of 28.98, a P/E/G ratio of 0.95 and a beta of 0.47.

Rogers Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.00 annualized dividend and a yield of 3.41%. Rogers Communications’s dividend payout ratio (DPR) is presently 99.50%.

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.