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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$42.75 and last traded at C$42.87, with a volume of 630293 shares changing hands. The stock had previously closed at C$43.30.

Analyst Upgrades and Downgrades

RCI.B has been the topic of several recent research reports. National Bank Financial decreased their price objective on Rogers Communications from C$62.00 to C$59.00 in a research note on Wednesday, September 30th. Raymond James Financial set a C$68.00 target price on shares of Rogers Communications and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Morgan Stanley dropped their price target on shares of Rogers Communications from C$50.00 to C$42.00 in a research report on Tuesday, July 21st. TD lifted their target price on shares of Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Scotiabank increased their price target on Rogers Communications from C$60.50 to C$61.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$58.77.

Rogers Communications Trading Down 0.0%

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 stock has a 50-day moving average price of C$48.59 and a two-hundred day moving average price of C$49.23. The stock has a market cap of C$23.63 billion, a PE ratio of 3.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09.

About Rogers Communications

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.