Rogers Communications (TSE:RCI.B) Sets New 1-Year Low - Time to Sell?

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI's stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$42.25 and last traded at C$42.67, with a volume of 220515 shares traded. The stock had previously closed at C$43.48.

Analyst Upgrades and Downgrades

RCI.B has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. National Bankshares reduced their price objective on Rogers Communications from C$62.00 to C$54.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada decreased their price objective on Rogers Communications from C$66.00 to C$61.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. TD Securities reduced their price target on Rogers Communications from C$71.00 to C$65.00 and set a "buy" rating on the stock in a research report on Tuesday, December 3rd. Finally, Desjardins lowered their price objective on Rogers Communications from C$68.00 to C$61.00 and set a "buy" rating for the company in a research report on Thursday, November 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$63.25.

Rogers Communications Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The stock has a market capitalization of C$17.64 billion, a PE ratio of 25.66, a PEG ratio of 0.32 and a beta of 0.62. The firm's fifty day moving average price is C$47.65 and its two-hundred day moving average price is C$51.19.

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.