Rogers Communications (TSE:RCI.B) Stock Price Crosses Below 200-Day Moving Average of $57.63

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$57.63 and traded as low as C$50.89. Rogers Communications shares last traded at C$51.40, with a volume of 1,422,357 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RCI.B shares. Royal Bank of Canada cut their target price on Rogers Communications from C$68.00 to C$67.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. National Bankshares reduced their price objective on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their target price on shares of Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday, April 2nd. Canaccord Genuity Group cut their price target on shares of Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, TD Securities decreased their price objective on shares of Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$72.96.

Rogers Communications Trading Down 1.0 %

The business has a 50 day simple moving average of C$53.10 and a two-hundred day simple moving average of C$57.63. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 434.09. The company has a market cap of C$21.59 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56.

About Rogers Communications

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.