Rogers Communications (TSE:RCI.A) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Rogers Communications Inc. (TSE:RCI.A) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$50.33 and traded as high as C$52.80. Rogers Communications shares last traded at C$50.22, with a volume of 1,530 shares changing hands.

Rogers Communications Stock Down 2.9%

The stock has a fifty day moving average of C$50.36 and a 200 day moving average of C$51.12. The firm has a market capitalization of C$26.61 billion, a P/E ratio of 4.32, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications (TSE:RCI.A) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported C$1.15 earnings per share for the quarter. The business had revenue of C$5.62 billion for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. On average, research analysts anticipate that Rogers Communications Inc. will post 5.100365 EPS for the current fiscal year.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).