Rogers Communications (TSE:RCI.B) Sets New 52-Week Low – Here’s Why

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) hit a new 52-week low during trading on Monday . The company traded as low as C$43.46 and last traded at C$43.50, with a volume of 563603 shares trading hands. The stock had previously closed at C$44.19.

Analyst Ratings Changes

Several research firms have recently weighed in on RCI.B. Scotiabank lowered their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. National Bankshares lowered their price target on Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Royal Bank of Canada decreased their target price on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Desjardins reduced their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, November 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rogers Communications currently has an average rating of “Moderate Buy” and a consensus price target of C$66.23.

Rogers Communications Stock Down 1.4 %

The firm has a 50-day simple moving average of C$50.31 and a two-hundred day simple moving average of C$52.20. The stock has a market cap of C$18.38 billion, a P/E ratio of 26.74, a PEG ratio of 0.32 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

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.