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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) reached a new 52-week low on Tuesday . The company traded as low as C$48.62 and last traded at C$48.81, with a volume of 252626 shares traded. The stock had previously closed at C$49.03.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RCI.B. TD Securities cut their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Desjardins lowered their price target on 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. National Bankshares lowered their price target on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Scotiabank lowered their price target on Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. Finally, BMO Capital Markets upped their price target on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$66.68.

Rogers Communications Trading Up 0.3 %

The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The company has a fifty day moving average of C$51.41 and a two-hundred day moving average of C$52.63. The stock has a market capitalization of C$20.75 billion, a price-to-earnings ratio of 30.08, a P/E/G 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.