Rogers Communications (TSE:RCI.A) Reaches New 52-Week Low – Time to Sell?

Rogers Communications Inc. (TSE:RCI.A)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$46.49 and last traded at C$46.49, with a volume of 400 shares changing hands. The stock had previously closed at C$46.75.

Wall Street Analysts Forecast Growth

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

Rogers Communications Stock Down 3.2 %

The firm’s 50 day moving average is C$50.88 and its 200-day moving average is C$54.02. The firm has a market cap of C$5.00 billion, a PE ratio of 27.60, a P/E/G ratio of 0.95 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

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.