Rogers Communications (TSE:RCI.B) Reaches New 1-Year Low at $50.00

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s share price reached a new 52-week low during trading 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 Analysts Forecast Growth

A number of equities research analysts recently commented on RCI.B shares. National Bankshares lowered their price target on Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. Canaccord Genuity Group reduced 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 research note on Thursday, April 25th. CIBC cut their target price on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. BMO Capital Markets lowered their price objective on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Finally, TD Securities decreased their price target on shares of Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Rogers Communications presently has an average rating of “Buy” and an average target price of C$72.96.

Rogers Communications Price Performance

The company has a 50 day moving average price of C$53.07 and a 200 day moving average price of C$57.59. The firm has a market cap of C$21.11 billion, a PE ratio of 46.62, a PEG ratio of 0.92 and a beta of 0.56. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 and a quick ratio of 0.58.

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.