Rogers Communications (TSE:RCI.B) Hits New 12-Month Low at $50.00

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$50.00 and last traded at C$50.26, with a volume of 47700 shares. The stock had previously closed at C$50.35.

Analyst Ratings Changes

A number of research firms have issued reports on RCI.B. Barclays cut their price objective on shares of Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$90.00 to C$81.00 in a research report on Tuesday, April 2nd. Desjardins lowered their price objective on Rogers Communications from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets cut their target price on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Finally, CIBC decreased their price target on Rogers Communications from C$80.00 to C$77.00 in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Rogers Communications presently has an average rating of “Buy” and an average price target of C$72.96.

Rogers Communications Price Performance

The firm has a market capitalization of C$21.26 billion, a P/E ratio of 46.85, a PEG ratio of 0.92 and a beta of 0.56. The company has a fifty day moving average of C$52.98 and a 200 day moving average of C$57.43. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 and a quick ratio of 0.58.

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.