Rogers Communications (TSE:RCI.A) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Rogers Communications Inc. (TSE:RCI.AGet Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$51.37 and traded as low as C$48.30. Rogers Communications shares last traded at C$49.85, with a volume of 1,789 shares traded.

Rogers Communications Price Performance

The business’s 50 day moving average is C$50.97 and its 200-day moving average is C$51.34. The firm has a market capitalization of C$26.45 billion, a P/E ratio of 4.30, a PEG ratio of 0.95 and a beta of 0.97. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications (TSE:RCI.AGet Free Report) last released its earnings results on Wednesday, July 22nd. The company reported C$1.15 earnings per share for the quarter. The firm had revenue of C$5.62 billion during the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. As a group, sell-side analysts predict that Rogers Communications Inc. will post 5.100365 EPS for the current fiscal year.

Rogers Communications Company Profile

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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).

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