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

Rogers Communications logo with Communication Services background

Rogers Communications Inc. (TSE:RCI.A - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$40.50 and traded as high as C$40.67. Rogers Communications shares last traded at C$40.60, with a volume of 1,016 shares traded.

Rogers Communications Price Performance

The firm has a market cap of C$4.43 billion, a P/E ratio of 24.48, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a fifty day moving average of C$40.34 and a 200-day moving average of C$45.40. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications Company Profile

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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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