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Rogers Communications (TSE:RCI.A) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Rogers Communications logo with Communication Services background

Shares of Rogers Communications Inc. (TSE:RCI.A - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Trading Down 0.1%

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 stock has a fifty day simple moving average of C$40.74 and a 200 day simple moving average of C$45.85. The firm has a market cap of C$4.44 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62.

About Rogers Communications

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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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