Rogers Communications (TSE:RCI.B) Hits New 1-Year Low – Should You Sell?

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s share price reached a new 52-week low on Tuesday. The stock traded as low as C$44.07 and last traded at C$44.27, with a volume of 53754 shares trading hands. The stock had previously closed at C$44.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RCI.B shares. Royal Bank Of Canada set a C$60.00 target price on shares of Rogers Communications and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Raymond James Financial set a C$68.00 price target on shares of Rogers Communications and gave the company an “outperform” rating in a report on Thursday, July 16th. TD upped their price target on shares of Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Desjardins upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 price objective for the company in a report on Monday, September 14th. Finally, Canaccord Genuity Group reduced their price objective on Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communications has a consensus rating of “Moderate Buy” and a consensus price target of C$59.00.

Rogers Communications Stock Performance

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 company has a market cap of C$23.78 billion, a P/E ratio of 3.86, a P/E/G ratio of 0.32 and a beta of 0.97. The firm has a 50 day moving average price of C$49.11 and a 200-day moving average price of C$49.71.

Rogers Communications Company Profile

Rogers is Canada’s communications, sports 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). For more information, please visit rogers.com or about.rogers.com/investor-relations.