Rogers Communications (TSE:RCI.B) Hits New 1-Year Low – Should You Sell?

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$46.14 and last traded at C$46.20, with a volume of 271975 shares traded. The stock had previously closed at C$47.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RCI.B. BMO Capital Markets lifted their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Desjardins decreased their price objective on shares of 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. Scotiabank reduced their price target on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. TD Securities lowered their price objective on shares of 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. Finally, Royal Bank of Canada raised their target price on shares of Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$66.68.

Rogers Communications Trading Down 2.1 %

The business has a 50 day simple moving average of C$50.97 and a 200 day simple moving average of C$52.45. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The company has a market cap of C$19.62 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

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.