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Rogers Communications (TSE:RCI.A) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Rogers Communications logo with Communication Services background

Rogers Communications Inc. (TSE:RCI.A - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$40.89 and traded as high as C$47.50. Rogers Communications shares last traded at C$46.36, with a volume of 2,768 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 market cap of C$5.19 billion, a P/E ratio of 28.65, a PEG ratio of 0.95 and a beta of 0.62. The stock's 50 day moving average is C$40.89 and its two-hundred day moving average is C$43.05.

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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