Rogers Communications (TSE:RCI.A) Sets New 1-Year Low – Here’s What Happened

Shares of Rogers Communications Inc. (TSE:RCI.A) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$49.74 and last traded at C$49.78, with a volume of 1481 shares trading hands. The stock had previously closed at C$50.00.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price objective on Rogers Communications from C$71.50 to C$69.00 in a research note on Thursday, November 21st.

Rogers Communications Price Performance

The firm has a 50 day moving average price of C$54.69 and a 200 day moving average price of C$55.58. The stock has a market cap of C$5.50 billion, a P/E ratio of 30.67, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

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.