Canaccord Genuity Group Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price cut by Canaccord Genuity Group from C$55.00 to C$46.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Scotiabank decreased their target price on Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. National Bankshares dropped their price target on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. TD Securities decreased their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada lowered their price objective on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Rogers Communications presently has an average rating of “Moderate Buy” and a consensus price target of C$63.25.

Rogers Communications Trading Down 1.0 %

Shares of RCI.B opened at C$43.48 on Tuesday. The firm has a market capitalization of C$18.33 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 0.32 and a beta of 0.62. 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 1-year low of C$43.13 and a 1-year high of C$64.71. The company has a 50-day moving average of C$47.83 and a 200 day moving average of C$51.26.

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.