Rogers Communications (TSE:RCI.B) Stock Passes Above 200-Day Moving Average of $58.09


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Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$58.09 and traded as high as C$59.52. Rogers Communications shares last traded at C$59.52, with a volume of 1,582,916 shares.

Several research firms recently issued reports on RCI.B. National Bankshares increased their price target on shares of Rogers Communications from C$70.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 16th. JPMorgan Chase & Co. raised shares of Rogers Communications from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from C$63.00 to C$72.00 in a report on Monday, January 25th. Royal Bank of Canada raised their price objective on shares of Rogers Communications from C$70.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, March 16th. Cormark raised their price objective on shares of Rogers Communications to C$67.00 and gave the stock a “na” rating in a report on Monday, February 1st. Finally, TD Securities dropped their price objective on shares of Rogers Communications from C$74.00 to C$73.00 and set a “na” rating for the company in a report on Friday, January 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$68.07.

The company has a debt-to-equity ratio of 222.05, a current ratio of 1.05 and a quick ratio of 0.90. The company’s 50 day moving average price is C$58.60 and its 200 day moving average price is C$58.13. The firm has a market capitalization of C$30.07 billion and a P/E ratio of 19.17.

About Rogers Communications (TSE:RCI.B)

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.

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