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

Rogers Communications Inc. (TSE:RCI.A) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$49.89 and traded as high as C$52.26. Rogers Communications shares last traded at C$51.20, with a volume of 2,305 shares.

Rogers Communications Price Performance

The stock’s 50-day moving average price is C$50.07 and its 200 day moving average price is C$51.25. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$27.37 billion, a price-to-earnings ratio of 4.44, a PEG ratio of 0.95 and a beta of 0.97.

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