Rogers Communications (TSE:RCI.A) Shares Cross Below 50-Day Moving Average – Time to Sell?

Rogers Communications Inc. (TSE:RCI.A) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$53.34 and traded as low as C$51.01. Rogers Communications shares last traded at C$51.01, with a volume of 704 shares traded.

Rogers Communications Price Performance

The stock has a 50 day moving average of C$53.31 and a 200-day moving average of C$49.95. 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 capitalization of C$27.55 billion, a P/E ratio of 4.09, a price-to-earnings-growth ratio of 0.95 and a beta of 0.75.

Rogers Communications (TSE:RCI.A) last posted its quarterly earnings results on Thursday, October 23rd. The company reported C$10.62 EPS for the quarter. The firm had revenue of C$5.35 billion for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. On average, equities research analysts anticipate that Rogers Communications Inc. will post 5.100365 earnings per share for the current fiscal year.

About Rogers Communications

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.