Desjardins Cuts Rogers Communications (TSE:RCI.A) Price Target to C$55.00

Rogers Communications (TSE:RCI.A) had its price objective decreased by analysts at Desjardins from C$58.00 to C$55.00 in a research report issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 22.66% from the stock’s current price.

Rogers Communications Stock Performance

TSE:RCI.A traded up C$0.26 during trading on Wednesday, reaching C$44.84. The company’s stock had a trading volume of 718 shares, compared to its average volume of 1,924. Rogers Communications has a 12 month low of C$44.00 and a 12 month high of C$56.72. The firm has a market cap of C$24.22 billion, a price-to-earnings ratio of 3.93, a price-to-earnings-growth ratio of 0.95 and a beta of 1.06. The firm has a 50 day moving average of C$49.70 and a 200-day moving average of C$50.32. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications (TSE:RCI.A) last released its earnings results on Wednesday, July 22nd. The company reported C$1.15 EPS for the quarter. The company had revenue of C$5.62 billion for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. Research analysts expect that Rogers Communications will post 5.100365 EPS for the current fiscal year.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).