Rogers Communications (TSE:RCI.A) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Rogers Communications Inc. (TSE:RCI.A) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$52.79 and traded as low as C$51.00. Rogers Communications shares last traded at C$51.97, with a volume of 3,804 shares changing hands.

Rogers Communications Trading Down 1.0%

The firm has a market cap of C$28.08 billion, a P/E ratio of 4.17, a P/E/G ratio of 0.95 and a beta of 0.93. The business’s 50-day moving average is C$52.79 and its two-hundred day moving average is C$50.91. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications (TSE:RCI.A) last issued its earnings results on Thursday, October 23rd. The company reported C$10.62 EPS for the quarter. The company had revenue of C$5.35 billion during the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. As a group, analysts expect 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.