Shares of Rogers Communication Inc. (NYSE:RCI) traded at a new 52-week high today of $57.71. This new high was reached on below average trading volume as 60,000 shares traded hands, while the average 30-day volume is approximately 343,000 shares.
Based on a current price of $57.32, Rogers Communication Inc. is currently 1.7% above its average consensus analyst price target of $56.36.
In the past 52 weeks, shares of Rogers Communication Inc. have traded between a low of $44.19 and a high of $57.71 and is now at $57.32, which is 30% above that low price.
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. Rogers’ cable segment, which provides about one fourth of total sales, offers home Internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers’ significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.
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