Rogers Communications (TSE:RCI.A) Reaches New 52-Week Low – Here’s Why

Rogers Communications Inc. (TSE:RCI.A) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$43.26 and last traded at C$43.26, with a volume of 5424 shares trading hands. The stock had previously closed at C$46.00.

Analysts Set New Price Targets

Separately, Scotiabank decreased their target price on shares of Rogers Communications from C$71.50 to C$69.00 in a research report on Thursday, November 21st.

Rogers Communications Stock Up 0.0 %

The company has a market cap of C$4.92 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 0.95 and a beta of 0.62. The business has a 50-day simple moving average of C$48.64 and a two-hundred day simple moving average of C$53.21. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.