Desjardins Issues Positive Forecast for Rogers Communications (TSE:RCI.A) Stock Price

Rogers Communications (TSE:RCI.A) had its price objective raised by equities researchers at Desjardins from C$55.00 to C$57.00 in a note issued to investors on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s price objective would suggest a potential upside of 20.05% from the stock’s current price.

Several other analysts have also commented on RCI.A. Scotiabank lowered their price objective on shares of Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating for the company in a report on Tuesday, October 20th. Canaccord Genuity Group upped their target price on Rogers Communications from C$57.50 to C$59.25 and gave the stock a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$58.81.

Rogers Communications Trading Up 0.8%

Rogers Communications stock traded up C$0.40 during mid-day trading on Monday, reaching C$47.48. 766 shares of the company traded hands, compared to its average volume of 1,930. 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 has a 52-week low of C$43.00 and a 52-week high of C$56.72. The firm has a market capitalization of C$25.65 billion, a price-to-earnings ratio of 4.16, a P/E/G ratio of 0.95 and a beta of 1.06. The firm’s 50 day moving average price is C$48.60 and its 200 day moving average price is C$49.66.

Rogers Communications (TSE:RCI.A) last posted its earnings results on Friday, October 23rd. The company reported C$1.29 EPS for the quarter. The firm had revenue of C$5.44 billion during the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. On average, analysts anticipate that Rogers Communications will post 5.10 earnings per share 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).