Rogers Communications (TSE:RCI.A) Share Price Passes Below 200 Day Moving Average – Here’s Why

Rogers Communications Inc. (TSE:RCI.A) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$51.27 and traded as low as C$51.00. Rogers Communications shares last traded at C$51.50, with a volume of 2,395 shares changing hands.

Rogers Communications Trading Down 1.0%

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 market capitalization of C$27.55 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The stock has a 50-day moving average price of C$50.21 and a two-hundred day moving average price of C$51.27.

Rogers Communications (TSE:RCI.A) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported C$1.15 earnings per share (EPS) for the quarter. The company had revenue of C$5.62 billion for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. On average, research analysts forecast that Rogers Communications Inc. will post 5.100365 EPS for the current fiscal year.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).