Rogers Communications (TSE:RCI.A) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Rogers Communications Inc. (TSE:RCI.A)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$53.34 and traded as low as C$51.01. Rogers Communications shares last traded at C$51.01, with a volume of 704 shares trading hands.

Rogers Communications Stock Performance

The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The stock has a 50-day moving average price of C$53.34 and a 200-day moving average price of C$49.81. The company has a market capitalization of C$27.56 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 0.95 and a beta of 0.75.

Rogers Communications (TSE:RCI.A) last announced its quarterly earnings results on Thursday, October 23rd. The company reported C$10.62 earnings per share (EPS) for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%.The business had revenue of C$5.35 billion during the quarter. As a group, analysts forecast that Rogers Communications Inc. will post 5.100365 earnings per share for the current year.

Rogers Communications Company Profile

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.