Rogers Communications (TSE:RCI.A) Stock Price Passes Above Fifty Day Moving Average of $54.96

Rogers Communications Inc. (TSE:RCI.A)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$54.96 and traded as high as C$55.86. Rogers Communications shares last traded at C$55.62, with a volume of 600 shares traded.

Analyst Upgrades and Downgrades

Separately, CIBC decreased their price objective on Rogers Communications from C$77.00 to C$76.00 in a research note on Monday, July 8th.

Rogers Communications Stock Performance

The business has a 50-day moving average of C$54.96 and a 200-day moving average of C$56.88. The stock has a market capitalization of C$6.18 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.95 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio is presently 122.70%.

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 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.