Rogers Communications (TSE:RCI.B) Hits New 52-Week Low at $0.06
Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) hit a new 52-week low on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 1040785 shares changing hands. The stock had previously closed at C$60.38.
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Rogers Communications from C$61.00 to C$63.00 in a research note on Monday, October 26th. TD Securities increased their price target on shares of Rogers Communications from C$69.00 to C$73.00 and gave the company a “buy” rating in a report on Friday, October 23rd. National Bank Financial increased their price target on shares of Rogers Communications from C$68.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity increased their price target on shares of Rogers Communications from C$62.00 to C$68.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. Finally, Royal Bank of Canada increased their price target on shares of Rogers Communications from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Rogers Communications has an average rating of “Buy” and an average price target of C$66.27.
The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 214.80. The company’s fifty day moving average is C$60.30 and its 200-day moving average is C$56.43. The company has a market cap of C$30.75 billion and a PE ratio of 19.20.
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.
Read More: Price to Earnings Ratio (PE) Basics
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