Rogers Communications (TSE:RCI.B) Sets New 1-Year Low – Time to Sell?

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) shares reached a new 52-week low during trading on Friday . The stock traded as low as C$42.25 and last traded at C$42.67, with a volume of 220515 shares. The stock had previously closed at C$43.48.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RCI.B shares. BMO Capital Markets increased their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Scotiabank cut their target price on shares of Rogers Communications from C$66.50 to C$64.00 and set a “sector perform” rating on the stock in a report on Wednesday. Canaccord Genuity Group lowered their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday. TD Securities decreased their price objective on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. Finally, Desjardins dropped their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$63.25.

Rogers Communications Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The company has a market cap of C$17.90 billion, a P/E ratio of 26.05, a P/E/G ratio of 0.32 and a beta of 0.62. The business has a fifty day simple moving average of C$47.83 and a two-hundred day simple moving average of C$51.26.

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.