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

Rogers Communications logo with Communication Services background

Key Points

  • Rogers Communications Inc. (TSE:RCI.A) saw its share price surpass the 50-day moving average, reaching C$51.00 during trading, indicating a potential upward trend.
  • The company holds a significant debt-to-equity ratio of 436.50, which may raise concerns regarding its financial stability amid a market capitalization of C$5.67 billion.
  • As Canada’s largest wireless service provider, Rogers commands a one-third market share with over 10 million subscribers, contributing to 60% of its total sales in 2021.
  • Five stocks we like better than Rogers Communications.

Shares of Rogers Communications Inc. (TSE:RCI.A - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$46.16 and traded as high as C$51.00. Rogers Communications shares last traded at C$51.00, with a volume of 2,861 shares traded.

Rogers Communications Stock Up 0.5%

The firm has a market cap of C$5.75 billion, a PE ratio of 31.75, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm's 50-day moving average price is C$47.02 and its two-hundred day moving average price is C$43.52.

About Rogers Communications

(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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