Rogers Communications (TSE:RCI.B) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $69.19. Rogers Communications shares last traded at $68.92, with a volume of 173,994 shares trading hands.

RCI.B has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Rogers Communications from C$76.00 to C$71.00 in a report on Friday, April 26th. Royal Bank of Canada reduced their price objective on shares of Rogers Communications from C$76.00 to C$74.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Rogers Communications from C$69.00 to C$70.00 in a research note on Wednesday, July 24th. BMO Capital Markets cut their target price on shares of Rogers Communications from C$81.00 to C$79.00 in a research report on Wednesday, July 24th. Finally, CIBC cut their target price on shares of Rogers Communications from C$73.00 to C$72.00 in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Rogers Communications currently has an average rating of “Hold” and a consensus price target of C$77.30.

The stock has a market cap of $27.48 billion and a price-to-earnings ratio of 16.94. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 224.19. The firm has a fifty day moving average price of C$69.86.

Rogers Communications Company Profile (TSE:RCI.B)

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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