Rogers Communications (TSE:RCI.A) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Rogers Communications Inc. (TSE:RCI.AGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$51.30 and traded as low as C$48.02. Rogers Communications shares last traded at C$48.90, with a volume of 2,212 shares traded.

Rogers Communications Stock Performance

The stock has a market cap of C$26.42 billion, a PE ratio of 4.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a 50 day moving average price of C$50.78 and a 200 day moving average price of C$51.30.

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

About Rogers Communications

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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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