Rogers Communications (TSE:RCI.B) Stock Crosses Above 200-Day Moving Average of $59.88

Rogers Communications Inc. (TSE:RCI.B – Get Rating) (NYSE:RCI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$59.88 and traded as high as C$61.30. Rogers Communications shares last traded at C$60.64, with a volume of 1,546,298 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on RCI.B shares. Cormark boosted their price target on Rogers Communications from C$69.00 to C$74.00 in a research note on Friday, February 3rd. Canaccord Genuity Group lifted their price target on Rogers Communications from C$68.00 to C$69.00 in a research note on Friday, February 3rd. JPMorgan Chase & Co. reissued a “focus stock” rating on shares of Rogers Communications in a report on Wednesday, February 1st. TD Securities raised their price objective on Rogers Communications from C$76.00 to C$78.00 and gave the company an “action list buy” rating in a research note on Friday, February 3rd. Finally, UBS Group raised Rogers Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$64.00 to C$75.00 in a research note on Monday, February 6th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$72.40.

Rogers Communications Trading Down 1.7 %

The firm has a 50 day simple moving average of C$64.53 and a 200 day simple moving average of C$59.88. The company has a debt-to-equity ratio of 364.11, a quick ratio of 0.58 and a current ratio of 2.02. The firm has a market cap of C$23.88 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.32 and a beta of 0.38.

Rogers Communications Company Profile

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Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.