Rogers Communications (TSE:RCI.A) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Rogers Communications Inc. (TSE:RCI.A) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$45.47 and traded as high as C$47.00. Rogers Communications shares last traded at C$46.50, with a volume of 5,997 shares.

Wall Street Analysts Forecast Growth

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

Rogers Communications Price Performance

The stock has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62. The company has a 50 day moving average of C$45.43 and a 200 day moving average of C$51.40. The company has a quick ratio of 0.58, a current ratio of 0.65 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 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.