Rogers Communications (TSE:RCI.A) Stock Passes Above 50 Day Moving Average – What’s Next?

Rogers Communications Inc. (TSE:RCI.A) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$53.07 and traded as high as C$54.40. Rogers Communications shares last traded at C$54.10, with a volume of 5,937 shares changing hands.

Rogers Communications Stock Down 0.7%

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 firm has a fifty day simple moving average of C$53.07 and a 200-day simple moving average of C$49.00. The firm has a market cap of C$29.23 billion, a price-to-earnings ratio of 4.34, a P/E/G ratio of 0.95 and a beta of 0.79.

Rogers Communications (TSE:RCI.A) last released its quarterly earnings data on Thursday, October 23rd. The company reported C$10.62 EPS for the quarter. The firm had revenue of C$5.35 billion for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. As a group, sell-side analysts expect that Rogers Communications Inc. will post 5.100365 EPS for the current year.

Rogers Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, October 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, September 8th. Rogers Communications’s dividend payout ratio is currently 16.04%.

Rogers Communications Company Profile

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.