Rogers Communications (TSE:RCI.B) Given New C$65.00 Price Target at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by TD Securities from C$71.00 to C$65.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

RCI.B has been the topic of a number of other research reports. BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Scotiabank dropped their price target on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Desjardins cut their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, November 28th. Royal Bank of Canada boosted their target price on shares of Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. Finally, National Bankshares cut their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Rogers Communications has an average rating of “Moderate Buy” and a consensus target price of C$66.68.

Rogers Communications Stock Performance

Shares of TSE:RCI.B opened at C$50.65 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12-month low of C$48.67 and a 12-month high of C$64.71. The company’s 50 day moving average price is C$51.60 and its two-hundred day moving average price is C$52.69. The firm has a market cap of C$21.36 billion, a PE ratio of 31.07, a PEG ratio of 0.32 and a beta of 0.62.

Rogers Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 annualized dividend and a dividend yield of 3.95%. Rogers Communications’s dividend payout ratio is currently 122.70%.

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.