Rogers Communications (TSE:RCI.B) Hits New 1-Year Low - Here's Why

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI's share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$43.46 and last traded at C$43.50, with a volume of 563603 shares. The stock had previously closed at C$44.19.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada decreased their target price on Rogers Communications from C$66.00 to C$61.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. National Bankshares dropped their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Desjardins reduced their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a "buy" rating on the stock in a report on Thursday, November 28th. Finally, Scotiabank cut their price objective on Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$66.23.

Rogers Communications Trading Down 0.7 %

The business has a 50 day simple moving average of C$50.31 and a two-hundred day simple moving average of C$52.19. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The stock has a market cap of C$18.51 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

Rogers Communications Company Profile

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.