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

Rogers Communications logo with Communication Services background

Rogers Communications Inc. (TSE:RCI.A - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$53.41 and traded as low as C$46.00. Rogers Communications shares last traded at C$47.60, with a volume of 1,035 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank decreased their price target on shares of Rogers Communications from C$71.50 to C$69.00 in a research note on Thursday, November 21st.

Get Our Latest Analysis on RCI.A

Rogers Communications Stock Performance

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 firm has a market capitalization of C$5.11 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62. The company's fifty day moving average price is C$49.15 and its two-hundred day moving average price is C$53.37.

About Rogers Communications

(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.

Further Reading

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