Rogers Communications (TSE:RCI.A) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Rogers Communications Inc. (TSE:RCI.A) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$47.82 and traded as low as C$42.02. Rogers Communications shares last traded at C$42.75, with a volume of 2,057 shares.

Wall Street Analyst Weigh In

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

Rogers Communications Trading Down 2.8 %

The company has a market cap of C$4.75 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a fifty day moving average price of C$47.82 and a 200 day moving average price of C$52.91.

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.