Rogers Communications (TSE:RCI.A) Hits New 1-Year Low – Here’s Why

Rogers Communications Inc. (TSE:RCI.A) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$49.74 and last traded at C$49.78, with a volume of 1481 shares traded. The stock had previously closed at C$50.00.

Analyst Ratings Changes

Separately, Scotiabank decreased their price target on shares of Rogers Communications from C$71.50 to C$69.00 in a research report on Thursday, November 21st.

Rogers Communications Stock Down 1.4 %

The firm’s fifty day moving average is C$54.36 and its 200-day moving average is C$55.45. 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 stock has a market capitalization of C$5.39 billion, a P/E ratio of 29.75, a P/E/G ratio of 0.95 and a beta of 0.62.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.