Rogers Communications (TSE:RCI.B) Stock Price Passes Above 200-Day Moving Average of $59.74

Rogers Communications Inc. (TSE:RCI.BGet Rating) (NYSE:RCI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$59.74 and traded as high as C$64.51. Rogers Communications shares last traded at C$63.52, with a volume of 1,827,839 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have commented on RCI.B. JPMorgan Chase & Co. reiterated a “focus stock” rating on shares of Rogers Communications in a research report on Wednesday, February 1st. Royal Bank of Canada boosted their price objective on Rogers Communications from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 10th. TD Securities boosted their target price on Rogers Communications from C$76.00 to C$78.00 and gave the company an “action list buy” rating in a research note on Friday, February 3rd. Canaccord Genuity Group boosted their price objective on Rogers Communications from C$68.00 to C$69.00 in a research note on Friday, February 3rd. Finally, UBS Group upgraded Rogers Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$64.00 to C$75.00 in a research report on Monday, February 6th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$72.40.

Rogers Communications Price Performance

The stock has a market cap of C$25.01 billion, a PE ratio of 19.25, a PEG ratio of 1.32 and a beta of 0.39. The company has a debt-to-equity ratio of 364.11, a quick ratio of 0.58 and a current ratio of 2.02. The stock’s 50-day moving average is C$64.67 and its two-hundred day moving average is C$59.74.

Rogers Communications Company Profile

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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.

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