Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI's share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$39.62 and traded as low as C$37.50. Rogers Communications shares last traded at C$37.91, with a volume of 1,687,762 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Rogers Communications from C$53.00 to C$55.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group lowered their target price on Rogers Communications from C$66.00 to C$63.00 in a report on Tuesday, April 1st. National Bankshares set a C$52.00 price target on Rogers Communications and gave the company an "outperform" rating in a research note on Friday, June 6th. Scotiabank dropped their price objective on shares of Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Canaccord Genuity Group boosted their target price on shares of Rogers Communications from C$44.00 to C$47.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Rogers Communications currently has an average rating of "Moderate Buy" and a consensus price target of C$55.73.
Read Our Latest Research Report on RCI.B
Rogers Communications Stock Performance
The stock has a market capitalization of C$16.06 billion, a PE ratio of 23.37, a PEG ratio of 0.32 and a beta of 0.62. The stock's 50 day moving average price is C$35.99 and its 200-day moving average price is C$39.51. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.
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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