Rogers Communications (TSE:RCI.A) Reaches New 52-Week Low – Here’s What Happened

Rogers Communications Inc. (TSE:RCI.AGet Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$39.70 and last traded at C$39.70, with a volume of 4105 shares traded. The stock had previously closed at C$41.25.

Rogers Communications Trading Up 0.2 %

The company has a 50-day moving average price of C$43.27 and a 200 day moving average price of C$49.03. The stock has a market capitalization of C$4.39 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

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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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