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Rogers Communications (TSE:RCI.A) Stock Crosses Below Fifty Day Moving Average - What's Next?

Rogers Communications logo with Communication Services background

Shares of Rogers Communications Inc. (TSE:RCI.A - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$56.09 and traded as low as C$53.25. Rogers Communications shares last traded at C$53.25, with a volume of 751 shares trading hands.

Rogers Communications Trading Up 0.5 %

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 business's 50-day moving average price is C$56.05 and its 200 day moving average price is C$56.22. The company has a market cap of C$5.92 billion, a P/E ratio of 32.67, a P/E/G ratio of 0.95 and a beta of 0.62.

Rogers Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Monday, September 9th. Rogers Communications's dividend payout ratio is presently 122.70%.

Rogers Communications Company Profile

(Get Free Report)

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.

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