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

Key Points

• Rogers Communications shares have surpassed their 50-day moving average of C$44.92, reaching a high of C$49.20 during trading, and last trading at C$47.80.
• The company holds a market capitalization of C$5.31 billion and has a notably high debt-to-equity ratio of 436.50, indicating a significant amount of debt relative to equity.
• As Canada's largest wireless service provider, Rogers Communications caters to over 10 million subscribers, which accounted for 60% of its total sales in 2021.

Shares of Rogers Communications Inc. (TSE:RCI.A - ) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$44.92 and traded as high as C$49.20. Rogers Communications shares last traded at C$47.80, with a volume of 4,265 shares trading hands.

Rogers Communications Price Performance

The firm has a market capitalization of C$5.31 billion, a P/E ratio of 29.33, a PEG 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 has a 50-day moving average of C$44.92 and a 200-day moving average of C$43.19.

About Rogers Communications

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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