Rogers Communications (TSE:RCI.B) Sets New 12-Month Low – Should You Sell?

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) hit a new 52-week low on Friday . The company traded as low as C$42.25 and last traded at C$42.67, with a volume of 220515 shares. The stock had previously closed at C$43.48.

Analyst Ratings Changes

RCI.B has been the subject of several research reports. TD Securities decreased their price target on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. National Bankshares decreased their target price on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada dropped their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets upped their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group cut their price target on Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$63.25.

Rogers Communications Price Performance

The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The firm has a market cap of C$17.90 billion, a PE ratio of 26.05, a P/E/G ratio of 0.32 and a beta of 0.62. The business’s fifty day moving average is C$47.83 and its 200-day moving average is C$51.26.

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.