Rogers Communications (TSE:RCI.A) Shares Cross Above 50 Day Moving Average – What’s Next?

Rogers Communications Inc. (TSE:RCI.AGet Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$51.39 and traded as high as C$53.47. Rogers Communications shares last traded at C$52.37, with a volume of 1,837 shares traded.

Rogers Communications Trading Down 1.2%

The company has a fifty day moving average of C$51.39 and a 200-day moving average of C$51.80. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The company has a market capitalization of C$28.29 billion, a price-to-earnings ratio of 4.11, a PEG ratio of 0.95 and a beta of 0.96.

Rogers Communications (TSE:RCI.AGet Free Report) last released its earnings results on Thursday, January 29th. The company reported C$1.51 earnings per share for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%.The business had revenue of C$6.17 billion for the quarter. As a group, equities research analysts anticipate that Rogers Communications Inc. will post 5.100365 earnings per share for the current fiscal 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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