Rogers Communications (TSE:RCI.A) Share Price Passes Above 50-Day Moving Average of $55.23

Rogers Communications Inc. (TSE:RCI.A)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$55.23 and traded as high as C$56.98. Rogers Communications shares last traded at C$56.10, with a volume of 859 shares.

Analysts Set New Price Targets

Separately, CIBC decreased their price objective on Rogers Communications from C$77.00 to C$76.00 in a report on Monday, July 8th.

Rogers Communications Stock Performance

The stock has a market cap of C$6.24 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 0.95 and a beta of 0.62. The company’s fifty day simple moving average is C$55.23 and its two-hundred day simple moving average is C$56.58. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.57%. Rogers Communications’s dividend payout ratio is presently 122.70%.

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.