Rogers Communications (TSE:RCI.B) Stock Price Crosses Below 200 Day Moving Average of $69.73
Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $69.73 and traded as low as $66.28. Rogers Communications shares last traded at $66.95, with a volume of 390,140 shares trading hands.
A number of equities analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of Rogers Communications from C$81.00 to C$79.00 in a research report on Wednesday, July 24th. National Bank Financial raised their price objective on shares of Rogers Communications from C$80.00 to C$83.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. TD Securities lifted their target price on shares of Rogers Communications from C$87.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Rogers Communications from C$69.00 to C$70.00 in a report on Wednesday, July 24th. Finally, Cormark dropped their target price on shares of Rogers Communications from C$83.00 to C$81.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$77.30.
The firm has a 50 day moving average of C$67.48 and a 200-day moving average of C$69.70. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 224.19. The company has a market cap of $27.03 billion and a P/E ratio of 16.67.
Rogers Communications Company Profile (TSE:RCI.B)
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.
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