Rogers Communications (TSE:RCI.A) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Rogers Communications Inc. (TSE:RCI.A) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$51.42 and traded as high as C$53.28. Rogers Communications shares last traded at C$53.28, with a volume of 283 shares trading hands.

Rogers Communications Stock Performance

The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The stock has a market cap of C$28.78 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 0.95 and a beta of 0.91. The firm’s 50-day moving average price is C$51.42 and its two-hundred day moving average price is C$51.80.

Rogers Communications (TSE:RCI.A) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.01 earnings per share (EPS) for the quarter. The business had revenue of C$5.48 billion during the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. On average, analysts expect that Rogers Communications Inc. will post 5.100365 EPS for the current fiscal year.

Rogers Communications Company Profile

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).