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

Rogers Communications Inc. (TSE:RCI.A)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Rogers Communications Price Performance

The firm has a 50-day simple moving average of C$50.78 and a 200-day simple moving average of C$51.30. The firm has a market cap of C$26.42 billion, a P/E ratio of 4.29, a PEG ratio of 0.95 and a beta of 0.98. 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 released its quarterly earnings results on Wednesday, July 22nd. The company reported C$1.15 EPS for the quarter. The firm had revenue of C$5.62 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 forecast that Rogers Communications Inc. will post 5.100365 EPS for the current year.

Rogers Communications Company Profile

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).