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

Rogers Communications logo with Communication Services background

Rogers Communications Inc. (TSE:RCI.A - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$41.21 and traded as low as C$39.39. Rogers Communications shares last traded at C$39.39, with a volume of 2,086 shares traded.

Rogers Communications Stock Down 0.1%

The stock has a market cap of C$4.44 billion, a P/E ratio of 24.53, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm's fifty day moving average is C$40.74 and its 200 day moving average is C$45.91.

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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