Rogers Communications (TSE:RCI.A) Hits New 12-Month Low – Here’s What Happened

Rogers Communications Inc. (TSE:RCI.A)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$44.50 and last traded at C$44.50, with a volume of 774 shares trading hands. The stock had previously closed at C$45.27.

Analyst Ratings Changes

Separately, Scotiabank reduced their price objective on shares of Rogers Communications from C$71.50 to C$69.00 in a research note on Thursday, November 21st.

Rogers Communications Stock Down 2.7 %

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 50 day moving average price of C$50.07 and a 200 day moving average price of C$53.70. The company has a market capitalization of C$4.90 billion, a P/E ratio of 27.03, a PEG ratio of 0.95 and a beta of 0.62.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.