Rogers Communications (TSE:RCI.A) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Rogers Communications Inc. shares have crossed above their 50-day moving average of C$47.46, recently trading at C$52.44.
• The company, which is the largest wireless service provider in Canada, has a market capitalization of C$5.83 billion and a significant portion of its sales comes from the wireless segment.
• Rogers has a high debt-to-equity ratio of 436.50, indicating a potentially leveraged capital structure.

Rogers Communications Inc. (TSE:RCI.A - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$47.46 and traded as high as C$52.44. Rogers Communications shares last traded at C$52.44, with a volume of 1,227 shares traded.

Rogers Communications Price Performance

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 business has a 50-day moving average price of C$47.86 and a two-hundred day moving average price of C$43.74. The company has a market capitalization of C$5.72 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62.

Rogers Communications Company Profile

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers' wireless business accounted for 60% of the company's total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.