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Rogers Communications (TSE:RCI.A) Shares Cross Above Fifty Day Moving Average - Here's Why

Rogers Communications logo with Communication Services background

Rogers Communications Inc. (TSE:RCI.A - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$41.86 and traded as high as C$49.70. Rogers Communications shares last traded at C$48.21, with a volume of 4,048 shares trading hands.

Rogers Communications Stock Performance

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 firm has a fifty day moving average price of C$42.03 and a two-hundred day moving average price of C$42.96. The stock has a market capitalization of C$5.36 billion, a PE ratio of 29.58, a P/E/G ratio of 0.95 and a beta of 0.62.

Rogers Communications Company Profile

(Get Free Report)

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.

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