Rogers Communications (TSE:RCI.A) Stock Crosses Above 50-Day Moving Average - Time to Sell?
Rogers Communications (TSE:RCI.A) stock has crossed above its 50-day moving average of C$51.89, trading at C$52.98 with a volume of 1,529 shares. The company has a market cap of C$28.62 billion, a P/E ratio of 4.25, and a dividend yield of 3.8%. Recently, it declared a quarterly dividend of $0.50 per share. Analysts currently rate the stock as a Hold, suggesting that there may be better investment opportunities available.
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Rogers Communications Stock Performance
The firm has a 50 day moving average of C$51.89 and a 200-day moving average of C$47.04. The company has a market cap of C$28.62 billion, a P/E ratio of 4.25, a PEG ratio of 0.95 and a beta of 0.79. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.
Rogers Communications Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. Rogers Communications's dividend payout ratio (DPR) is currently 16.04%.
Rogers Communications Company Profile
(Get Free Report)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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