Scotiabank Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by equities researchers at Scotiabank from C$69.00 to C$66.50 in a research note issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 34.18% from the stock’s previous close.

A number of other research analysts have also issued reports on RCI.B. National Bankshares reduced their price objective on Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their price objective on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. BMO Capital Markets boosted their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Desjardins dropped their price objective on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$67.32.

Rogers Communications Stock Down 1.2 %

TSE RCI.B traded down C$0.59 during mid-day trading on Tuesday, reaching C$49.56. 756,389 shares of the company’s stock traded hands, compared to its average volume of 1,535,914. The company has a market cap of C$20.90 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a fifty day simple moving average of C$52.33 and a 200-day simple moving average of C$52.80. 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 has a 1-year low of C$48.67 and a 1-year high of C$64.71.

About Rogers Communications

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.