Rogers Communications (TSE:RCI.B) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.24 and traded as high as C$54.45. Rogers Communications shares last traded at C$52.66, with a volume of 2,362,646 shares.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Rogers Communications from C$80.00 to C$69.00 and set an "overweight" rating for the company in a report on Wednesday, July 10th. Cormark dropped their price target on Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price objective on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. TD Securities decreased their price target on shares of Rogers Communications from C$74.00 to C$70.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets lifted their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$68.59.

Rogers Communications Price Performance

The firm has a market capitalization of C$21.76 billion, a PE ratio of 31.73, a P/E/G ratio of 0.32 and a beta of 0.62. 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 stock has a fifty day moving average price of C$54.16 and a 200-day moving average price of C$53.22.

Rogers Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, September 9th. Rogers Communications's dividend payout ratio is currently 122.70%.

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.