Rogers Communications (TSE:RCI.A) Reaches New 12-Month Low – Here’s What Happened

Rogers Communications Inc. (TSE:RCI.AGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$41.80 and last traded at C$41.80, with a volume of 3530 shares traded. The stock had previously closed at C$42.31.

Rogers Communications Stock Up 0.2 %

The company has a 50-day moving average of C$44.22 and a 200-day moving average of C$49.94. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The company has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62.

About Rogers Communications

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Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.

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