Rogers Communications (TSE:RCI.A) Stock Gets Price Target Reduction from Scotiabank

Rogers Communications (TSE:RCI.A) had its price target dropped by equities research analysts at Scotiabank from C$61.00 to C$60.00 in a note issued to investors on Tuesday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 27.88% from the stock’s current price.

Separately, Desjardins dropped their price target on shares of Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$57.50.

Rogers Communications Stock Down 0.1%

Shares of TSE RCI.A traded down C$0.06 during mid-day trading on Tuesday, reaching C$46.92. 316 shares of the company’s stock traded hands, compared to its average volume of 1,935. The stock has a market cap of C$25.35 billion, a P/E ratio of 4.12, a PEG ratio of 0.95 and a beta of 1.06. The business has a 50-day simple moving average of C$48.98 and a 200 day simple moving average of C$49.78. Rogers Communications has a 1-year low of C$43.00 and a 1-year high of C$56.72. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications (TSE:RCI.A) last posted its earnings results on Wednesday, July 22nd. The company reported C$1.15 EPS for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. The company had revenue of C$5.62 billion during the quarter. On average, analysts expect that Rogers Communications will post 5.10 EPS for the current fiscal year.

Rogers Communications Company Profile

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).