Rogers Communications (TSE:RCI.B) PT Lowered to C$71.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by research analysts at Canaccord Genuity Group from C$71.50 to C$71.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 36.88% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Barclays dropped their price objective on shares of Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Royal Bank of Canada decreased their price target on shares of Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. BMO Capital Markets decreased their price target on shares of Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. TD Securities decreased their price target on shares of Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Scotiabank decreased their price target on shares of Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$72.96.

Rogers Communications Trading Down 0.3 %

RCI.B opened at C$51.87 on Thursday. The firm has a market capitalization of C$21.79 billion, a P/E ratio of 32.02, a P/E/G ratio of 0.92 and a beta of 0.54. The firm’s 50 day moving average is C$56.60 and its 200-day moving average is C$58.42. Rogers Communications has a 52-week low of C$50.15 and a 52-week high of C$67.67. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92.

Rogers Communications Company Profile

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.