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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price reached a new 52-week low on Monday . The company traded as low as C$46.14 and last traded at C$46.20, with a volume of 271975 shares. The stock had previously closed at C$47.54.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RCI.B shares. BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. TD Securities lowered their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. National Bankshares reduced their target price on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Scotiabank cut their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price objective on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$66.68.

Rogers Communications Trading Down 0.2 %

The company’s fifty day moving average price is C$50.82 and its two-hundred day moving average price is C$52.40. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm has a market cap of C$19.12 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

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 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.