Royal Bank of Canada Cuts Rogers Communications (TSE:RCI.B) Price Target to C$61.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price cut by Royal Bank of Canada from C$66.00 to C$61.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on RCI.B. TD Securities cut their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets increased their price target on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Scotiabank dropped their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. Desjardins reduced their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th. Finally, National Bankshares lowered their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Rogers Communications currently has a consensus rating of “Moderate Buy” and an average price target of C$66.23.

Rogers Communications Stock Up 1.1 %

Shares of TSE:RCI.B opened at C$44.19 on Wednesday. The firm has a market cap of C$18.63 billion, a P/E ratio of 27.11, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a 52-week low of C$43.47 and a 52-week high of C$64.71. The business’s 50 day simple moving average is C$50.31 and its two-hundred day simple moving average is C$52.21. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

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.