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

Key Points

• Rogers Communications Inc.'s stock price recently crossed above its 50-day moving average of C$48.64, reaching a high of C$52.00 during trading.
• The company, which is the largest wireless service provider in Canada, holds a market capitalization of C$27.69 billion and derives approximately 60% of its total sales from its wireless business.
• Rogers Communications has a significant debt-to-equity ratio of 436.50, indicating considerable leverage compared to its equity position.

Rogers Communications Inc. (TSE:RCI.A - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$48.64 and traded as high as C$52.00. Rogers Communications shares last traded at C$51.26, with a volume of 2,001 shares traded.

Rogers Communications Stock Up 0.3%

The stock has a fifty day moving average price of C$49.30 and a 200 day moving average price of C$44.17. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The stock has a market capitalization of C$28.09 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89.

Rogers Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, October 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 8th. Rogers Communications's dividend payout ratio (DPR) is presently 71.68%.

About Rogers Communications

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.