Analysts Set Rogers Communications Inc. (TSE:RCI.B) Target Price at C$69.59

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$69.59.

A number of brokerages have issued reports on RCI.B. JPMorgan Chase & Co. decreased their price target on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Cormark decreased their price objective on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. TD Securities lowered their target price on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada lifted their price target on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and cut their price target for the company from C$59.00 to C$57.00 in a report on Thursday, July 25th.

Rogers Communications Stock Down 0.6 %

Rogers Communications stock opened at C$52.48 on Friday. The firm has a market capitalization of C$22.13 billion, a P/E ratio of 32.20, a P/E/G ratio of 0.92 and a beta of 0.62. The stock’s fifty day simple moving average is C$54.26 and its 200-day simple moving average is C$53.37. Rogers Communications has a twelve month low of C$48.67 and a twelve month high of C$64.71. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.81%. Rogers Communications’s dividend payout ratio (DPR) is 122.70%.

Rogers Communications Company Profile

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.