Rogers Communications (TSE:RCI.B) Hits New 52-Week Low – What’s Next?

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$43.15 and last traded at C$43.23, with a volume of 1082731 shares traded. The stock had previously closed at C$43.78.

Analyst Upgrades and Downgrades

RCI.B has been the subject of several research analyst reports. Scotiabank dropped their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. TD Securities dropped their target price on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Royal Bank of Canada decreased their price target on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Desjardins dropped their price objective on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th. Finally, BMO Capital Markets raised their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$66.23.

Rogers Communications Stock Performance

The stock has a fifty day moving average of C$49.43 and a 200-day moving average of C$51.84. The firm has a market capitalization of C$18.33 billion, a P/E ratio of 26.66, a P/E/G ratio of 0.32 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 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.