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

Rogers Communications Inc. (TSE:RCI.A) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$50.48 and traded as high as C$53.00. Rogers Communications shares last traded at C$53.00, with a volume of 982 shares.

Rogers Communications Stock Up 1.0%

The firm has a market capitalization of C$28.63 billion, a price-to-earnings ratio of 4.06, a P/E/G ratio of 0.95 and a beta of 0.99. The business has a 50 day simple moving average of C$50.48 and a 200-day simple moving average of C$51.86. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications (TSE:RCI.A) last issued its earnings results on Wednesday, April 22nd. The company reported C$1.01 earnings per share (EPS) for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%.The business had revenue of C$5.48 billion during the quarter. On average, equities analysts expect that Rogers Communications Inc. will post 5.100365 EPS for the current year.

Rogers Communications Company Profile

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).