Rogers Communications (TSE:RCI.B) Hits New 12-Month Low at $50.00

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) shares hit a new 52-week low on Friday . The stock traded as low as C$50.00 and last traded at C$50.26, with a volume of 47700 shares trading hands. The stock had previously closed at C$50.35.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RCI.B shares. Canaccord Genuity Group lowered their target price on shares of Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating for the company in a report on Thursday, April 25th. CIBC dropped their target price on Rogers Communications from C$80.00 to C$77.00 in a research report on Thursday, April 4th. Scotiabank cut their target price on Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price target on Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Finally, National Bankshares cut their price objective on Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$72.96.

Rogers Communications Stock Performance

The firm has a 50 day moving average of C$52.98 and a 200-day moving average of C$57.43. The company has a market cap of C$21.26 billion, a P/E ratio of 46.85, a PEG ratio of 0.92 and a beta of 0.56. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 434.09.

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 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.